1 / 2

Sea Forecasts Growth in E-Commerce Sales to Soothe Investor’s Nerves

Singapore-based e-commerce bets on the Latin American market. Losses widened in the fourth quarter on expansion spending.

BusinessUpside
Download Presentation

Sea Forecasts Growth in E-Commerce Sales to Soothe Investor’s Nerves

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sea Forecasts Growth in E-Commerce Sales to Soothe Investor’s Nerves Sea Ltd tried to soothe and reassure its investors by forecasting growth in e-commerce revenue after losing half of its market capitalization in just a few months. The Singapore-based company expects the revenue to grow unabated as it expands in the Latin American market. Sea Ltd expects its main business of e-commerce sales to increase to $8.9 billion to $9.1 billion in 2022 from 2021 sales of $5.1 billion. Digital entertainment bookings from digital entertainment would be $3.1 billion, a drop from 2021. In the fourth quarter, the company’s revenue doubled to $3.22 billion. The company faced a higher net loss of $617.6 million, up from $523.6 million, because it spent on new geographies to gain more market share Key insights Sea wants to consolidate its early success in Brazil, where it had launched its eCommerce business in 2019. It faces tough competition from Mercado Libre Inc., the Latin American e-commerce giant. On the other side, Shoppe, the online shopping arm of Sea in France, is pulling out after only a few months of maiden launch in the European market.

  2. You can read the full content: https://businessupside.com/2022/03/01/sea-forecasts-growth-in-e- commerce-sales-to-soothe-investors-nerves/ -------------------------- Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1

More Related