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 紐約證券交易所代碼:SE)公佈了令人失望的第一季度業績後,週二股價走低。該 阿里巴巴集團控股有限公司 紐約證券交易所代碼:BABA)的競爭對手報告稱,23財年第一季度收入同比增長4.9%,達到30.4億美元,未達到共識的30.6億美元。
數字娛樂 收入同比下降52.5%至5.3969億美元,預訂量爲4.623億美元,去年同期爲5.436億美元。經分部調整後的息稅折舊攤銷前利潤爲2.301億美元,而去年同期爲2.582億美元。
季度活躍用戶爲4.916億,而上一季度爲4.855億。
每位用戶的平均預訂量爲0.9美元,而一個季度前爲1.1美元。
電子商務 其他服務收入同比增長36.3%,達到21億美元。Shopee調整後的息稅折舊攤銷前利潤總額爲2.077億美元,而去年同期爲7.428億美元。
市場收入同比增長45.5%。
數字金融服務 收入同比增長75%,達到4.128億美元。
調整後的每股收益爲0.35美元,未達到共識的0.39美元。Sea Ltd持有72億美元的現金及等價物。
該公司在先前的收購中記錄了1.179億美元的商譽減值。
價格走勢: 在週二的最後一張支票中,SE股下跌17.46%,至72.76美元。