Sea Group Stock News

SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (Sea or the Company) today announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Group Total GAAP revenue was US$2.7 billion, up 121.8% year-on-year. Total gross profit was US$1.0 billion, up 147.5% year-on-year. Total adjusted EBITDA1 was US$(165.5) million compared to US$120.4 million for the third quarter of 2020. Digital Entertainment Bookings2 were US$1.2 billion, up 29.2% year-on

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SE continues to post strong revenues and growth; its e-commerce division finally shines through in 2021. SE has fought off competition from BABA and TCEHY in two segments.

Comerica Bank raised its holdings in Sea Limited (NYSE:SE) by 37.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,693 shares of the Internet company based in Singapores stock after acquiring an additional 8,981 shares during the quarter. Comerica Banks holdings in SEA []

Sea Limited's (SE) third-quarter results are likely to reflect a strong momentum in digital entertainment and e-commerce business despite the coronavirus-induced chaos.

Sea (NYSE:SE) is set to give its latest quarterly earnings report on Tuesday, 2021-11-16. Here's what investors need to know before the announcement.