Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Sea Limited’s (NYSE: SE) E-Commerce and Digital Services Business Drives Q3 Earnings Growth

Sea Limited (NYSE: SE) is a Singapore-based, global digital consumer company that operates three core businesses across e-commerce, digital entertainment and financial services: Shopee, Garena, and SeaMoney, respectively. Shares of the digital entertainment and commerce company jumped 36% during trading on Tuesday, November 15, 2022. Over the past three months, Sea Limited has seen average daily volume of 6.57 million shares. However, volume of 42.76 million shares or dollar volume of around $2.66 billion, exchanged hands during the day’s trading.

Shares of Sea Limited rallied after the company released third quarter 2022 financial results. On a cumulative basis, Sea Limited reported total GAAP revenue of $3.2 billion, which is an increase of 17.4% year-over-year. Gross profits grew 21.7% year-over-year to $1.2 billion. However, the company did report a net loss of $569.3 million, which was roughly the same result for Q3 2021.

Sea Limited’s e-commerce and digital services business saw GAAP revenue of $2 billion during the quarter, which represented the bulk of the company’s overall growth at 50.9% y/y. Management says the e-commerce growth was seen primarily throughout the Asia markets, including the company’s largest market in Indonesia.

Digital entertainment GAAP revenue of $892.9 million was actually lower than the $1.1 billion result from Q3 2021. Management says the drop was due to “softening of bookings due to the ongoing moderation in user engagement and monetization,” according to the company. Sales of goods saw GAAP revenues increase modestly by 2.4% to $286.3 million.

Forrest Li, Sea’s Chairman and Group Chief Executive Officer: “Given the significant uncertainties in the macro environment, we have entirely shifted our mindset and focus from growth to achieving self-sufficiency and profitability as soon as possible, without relying on any external funding. We are adapting quickly to the changing climate. All our efforts are directed to ensure that Sea not only survives the macro storms but emerges stronger, more efficient, and more resilient – and as a long-term winner in our markets. This positions us to continue capturing the long-term potential of our businesses and markets, and to deliver strong and sustained shareholder returns over time. Over the last quarter, we took decisive actions to improve margins, and set clear goals and priorities for the quarters to come. We remain highly confident about the compelling long-term growth prospects of our businesses and markets.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Sea Limited’s (NYSE: SE) E-Commerce and Digital Services Business Drives Q3 Earnings Growth appeared first on Spotlight Growth.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.