After reading the Sea's financial report, I lamented that these days, people who shrink clothes and diet can rise. I think of the tragic example of a shrimp-skinned employee who "just got off the plane in Singapore, took his wife and dog, and lost his job on the spot."
Net loss:374 million U.S. dollars, compared with a net loss of 448 million U.S. dollars in the same period last year, 16.6 percent lower than the same period last year.
Revenue:3.156 billion US dollars, expected 3 billion US dollars
Adjusted EBITDA loss: $357.7 million, with an expected loss of $457.4 million.
The total value of e-commerce merchandise transactions in the third quarter was US $19.1 billion, an increase of 13.5% over the same period last year, and 21.4% at a fixed exchange rate.
Bookings were $664.7 million in the third quarter, compared with $717.4 million in the previous quarter. At a fixed exchange rate, the month-on-month decline is about 4%.
SEA said it would not provide guidance for fiscal year 2023. Full-year bookings are expected to be $26 to $2.8 billion, compared with $2.9 billion to $3.1 billion.
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