Why Is Sea Limited Stock Crashing After Reporting Earnings?

By Neil Rozenbaum – Nov 14, 2023 at 10:15AM

NYSE: SE

Sea Limited

Market Cap

$33B

Today's Change

(0.05%) $0.03

Current Price

$62.86

Price as of April 26, 2024, 4:00 p.m. ET

Increased competition in e-commerce could turn out to be the final nail in the coffin.

In this video, I will go over Sea Limited's (SE 0.05%) third-quarter earnings report. I'll explain why the stock is down 11% and what investors should expect.

*Stock prices used were from the trading day of Nov. 13, 2023. The video was published on Nov. 14, 2023.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.