The company reported total bookings of $1.82 billion and adjusted profit of $1.46 per share compared to the consensus estimates of $1.77 billion in sales and $1.27 ear.
Sea Ecommerce Losses: Rising competition from Alibaba Group s Lazada and ByteDance s TikTok, along with new entrants like PDD s Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.
We believe Electronic Arts stock (NASDAQ: EA) is a better pick than PPG Industries stock (NYSE: PPG), a paints, coatings, and specialty materials supplier, given its b.