Sea Shares Tumble After Earnings: Here's Why
Sea Shares Tumble After Earnings: Here's Why
Sea Limited (NYSE:SE) shares are trading lower Tuesday after it disclosed disappointing First-quarter results. The Alibaba Group Holding Limited (NYSE:BABA) rival reported first-quarter FY23 revenue growth of 4.9% year-on-year to $3.04 billion, missing the consensus of $3.06 billion.
Digital Entertainment revenue decreased 52.5% Y/Y to $539.69 million, and bookings were $462.3 million versus $543.6 million a year ago. The segment-adjusted EBITDA was $230.1 million, compared to $258.2 million a year ago.
Quarterly active users were 491.6 million, compared to 485.5 million for the previous quarter.
Average bookings per user were $0.9 versus $1.1 a quarter ago.
E-commerce and other services revenue increased 36.3% Y/Y to $2.1 billion. Adjusted EBITDA for Shopee overall was $207.7 million versus $(742.8) million a year back.
Marketplace revenue grew 45.5% Y/Y.
Digital Financial Services revenue grew 75% Y/Y to $412.8 million.
Adjusted EPS of $0.35 missed the consensus of $0.39. Sea Ltd held $7.2 billion in cash and equivalents.
The company booked a goodwill impairment of $117.9 million associated with its prior acquisition.
Price Action: SE shares traded lower by 17.46% at $72.76 on the last check Tuesday.
海上限定 纽约证券交易所代码:SE)公布了令人失望的第一季度业绩后,周二股价走低。该 阿里巴巴集团控股有限公司 纽约证券交易所代码:BABA)的竞争对手报告称,23财年第一季度收入同比增长4.9%,达到30.4亿美元,未达到共识的30.6亿美元。
数字娱乐 收入同比下降52.5%至5.3969亿美元,预订量为4.623亿美元,去年同期为5.436亿美元。经分部调整后的息税折旧摊销前利润为2.301亿美元,而去年同期为2.582亿美元。
季度活跃用户为4.916亿,而上一季度为4.855亿。
每位用户的平均预订量为0.9美元,而一个季度前为1.1美元。
电子商务 其他服务收入同比增长36.3%,达到21亿美元。Shopee调整后的息税折旧摊销前利润总额为2.077亿美元,而去年同期为7.428亿美元。
市场收入同比增长45.5%。
数字金融服务 收入同比增长75%,达到4.128亿美元。
调整后的每股收益为0.35美元,未达到共识的0.39美元。Sea Ltd持有72亿美元的现金及等价物。
该公司在先前的收购中记录了1.179亿美元的商誉减值。
价格走势: 在周二的最后一张支票中,SE股下跌17.46%,至72.76美元。