- Sea press release ( NYSE: SE ): Q2 Non-GAAP EPS of -$1.03 beats by $0.03 .
- Revenue of $2.94B (+28.9% Y/Y) misses by $90M .
- Shares -3.7% PM.
- E-commerce revenue grew 51.4% Y/Y to $1.7B. Gross orders totaled 2.0 billion, an increase of 41.6% Y/Y.
- "In our efforts to adapt to increasing macro uncertainties, we are proactively shifting our strategies to further focus on efficiency and optimization for the long-term strength and profitability of the e-commerce business. Given this strategic shift, we will be suspending e-commerce GAAP revenue guidance for the full year 2022. We believe such efforts will further strengthen our ability to better capture the long-term growth opportunities in our markets, which we remain highly positive about."
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Sea Non-GAAP EPS of -$1.03 beats by $0.03, revenue of $2.94B misses by $90M