Sea Limited SE incurred a loss of $1.03 per share in second-quarter 2022, wider than the year-ago quarter’s reported loss of 61 cents. The figure missed the Zacks Consensus Estimate by 11.96%.Revenues of $2.94 billion increased 29% on a year-over-year basis. The consensus estimate was pegged at $3 billion.Sea shares were down 13.94% to close at $77.43 on Aug 16, following the results. The company’s shares have been down 65.4% year to date, underperforming the Zacks Computer & Technology sector’s decline of 42.7%.Top-Line Details Digital entertainment revenues of $900.3 million declined 12.1% year over year.According to data.ai, Free Fire continued to be the highest-grossing mobile game in Southeast Asia and Latin America for the second quarter of 2022. Free Fire also remained the most downloaded mobile game globally. Sea Limited Sponsored ADR Price, Consensus and EPS Surprise Sea Limited Sponsored ADR price-consensus-eps-surprise-chart | Sea Limited Sponsored ADR Quote Quarterly active users (QAUs) reached 619.3 million compared with the year-ago quarter’s 725.2 million. Quarterly paying users of 56.1 million represented a paying user ratio of 9.1% for the second quarter compared with 12.7% for the same period in 2021.Average bookings per user for the reported quarter were $1.20 compared with the year-ago quarter’s figure of $1.60. Bookings were $717.4 billion in second-quarter 2022 compared with the year-ago quarter’s $1.2 billion.E-commerce and other services revenues were $1.76 billion, up 75.6% from the year-ago quarter.Gross orders for the quarter under review totaled 2 billion, up 41.6% year over year. Gross merchandise value was $19 billion, up 27.2% year over year (31.4% on a constant currency basis).Finally, sales of goods soared 26.1% year over year to $264.8 million in the second quarter of 2022.Digital financial services revenues jumped 214.5% year over year to $279 million.SeaMoney products and services’ QAUs reached 52.7 million, up 53.3% year over year. Mobile wallet total payment volume for the second quarter surpassed $5.7 billion, up 35.7% year over year.Operating DetailsGross profit increased 17.1% year over year to $1.09 billion in second-quarter 2022.Adjusted EBITDA loss was $506.3 million compared with an EBITDA loss of $24.1 million in the year-ago quarter.Digital Entertainment adjusted EBITDA was $333.6 million compared with $740.9 million reported in the year-ago quarter.E-commerce adjusted EBITDA loss was $648.1 million compared with a loss of $579.8 million reported in the year-ago quarter. E-commerce adjusted EBITDA loss per order was 33 cents compared with 41 cents reported in the year-ago quarter.Digital Financial Services adjusted EBITDA loss was $111.5 million compared with a loss of $155 million reported in the year-ago quarter.Balance SheetAs of Jun 30, 2022, Sea had cash and cash equivalents of $6.49 billion compared with $9.07 billion as of Mar 31, 2022.Zacks Rank & Upcoming Earnings to WatchSea Limited currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the broader Zacks Computer and Technology sector that are scheduled to report their earnings soon are Intuit INTU, Keysight KEYS and Hewlett Packard HPE. While both Intuit and Keysight have a Zacks Rank #2 (Buy), Hewlett Packard sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Intuit’s shares have underperformed the sector year to date, declining 24.2%.INTU is scheduled to release fourth-quarter fiscal 2022 results on Aug 23.Keysight’s shares have outperformed the sector year to date, declining 17.4%.KEYS is scheduled to release third-quarter fiscal 2022 results on Aug 17.Hewlett Packard shares have outperformed the sector year to date, declining 5.2%.HPE is set to report third-quarter fiscal 2022 results on Aug 30. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sea Limited Sponsored ADR (SE): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis Report Keysight Technologies Inc. (KEYS): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report To read this article on Zacks.com click here.