Sea Limited (NYSE:SE) reported fiscal third-quarter 2024 revenue growth of 30.8% year-on-year to $4.33 billion, beating the analyst consensus estimate of $4.08 billion.
EPS of $0.24, up from $(0.26) Y/Y, missed the analyst consensus estimate of $0.26. The stock price gained after the print.
Digital Entertainment revenue decreased 15.9% year over year to $497.85 million. Bookings improved to $556.5 million, up 24.3% Y/Y.
The segment's adjusted EBITDA was $314.4 million, up 34.4% Y/Y. Quarterly active users were 628.5 million, up 15.5% Y/Y. Average bookings per user were $0.89 versus $0.82 Y/Y.
E-commerce and other services revenue increased 42.6% Y/Y to $3.2 billion. Adjusted EBITDA for the segment overall was $34.4 million versus $(346.5) million a year back.
Core marketplace revenue grew 49.3% year over year to $2.0 billion. Gross orders rose 24.2% year over year. GMV was $25.1 billion, increasing by 25.2% year over year.
Digital Financial Services revenue grew 38.0% Y/Y to $615.7 million.
Sea Ltd held $9.9 billion in cash and equivalents as of September 30, 2024.
Forrest Li, Chairman and CEO noted Shopee is on track to meet its annual guidance, projecting mid-twenties year-on-year GMV growth. SeaMoney expanded its loan book by over 70% year-over-year, maintaining a stable non-performing loan ratio. Li also highlighted Garena's success, expecting Free Fire's bookings to increase by more than 30% this year.
Li emphasized improved profitability alongside robust growth, pointing out that Shopee achieved positive adjusted EBITDA in Asia and Brazil. He anticipates Shopee will continue delivering profits while sustaining growth momentum.
Sea Limited (紐交所:SE) 報告了2024財年第三季度營業收入同比增長30.8%，達到43.3億美金，超過分析師共識預期的40.8億美金。
每股收益爲0.24美金，較去年同期的-0.26美金有所上升，但未能達到分析師共識預期的0.26美金。報告發布後股價上漲。
數字娛樂的營業收入同比下降15.9%，達到49785萬美金。預定金額改善至55650萬美金，同比增長24.3%。
該部門的調整後EBITDA爲31440萬美金，同比增長34.4%。季度活躍用戶數爲62850萬，同比增長15.5%。每用戶平均預定金額爲0.89美金，去年同期爲0.82美金。
電子商務和其他服務的營業收入同比增長42.6%，達到32億美金。該部門的整體調整後EBITDA爲3440萬美金，而去年同期爲-346.5百萬美金。
核心市場的營業收入同比增長49.3%，達到20億美金。總體訂單量同比上升24.2%。GMV爲251億美金，同比增加25.2%。
數字金融服務的營業收入同比增長38.0%，達到61570萬美金。
截至2024年9月30日，Sea有限公司持有99億現金和等價物。
董事長兼首席執行官李福森指出，Shopee正按計劃實現年度指導，預計同比GMV增長中間在20%到25%之間。SeaMoney的貸款規模同比增長超過70%，保持了穩定的不良貸款比率。李還強調了Garena的成功，預計《絕地求生：刺激戰場》的預訂將在今年增長超過30%。
李福森強調在強勁增長的同時實現了更高的盈利能力，指出Shopee在亞洲和巴西實現了正的調整後EBITDA。他預計Shopee將繼續在保持增長勢頭的同時交付利潤。
