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 (纽交所:SE) 报告了2024财年第三季度营业收入同比增长30.8%，达到43.3亿美金，超过分析师共识预期的40.8亿美金。
每股收益为0.24美金，较去年同期的-0.26美金有所上升，但未能达到分析师共识预期的0.26美金。报告发布后股价上涨。
数字娱乐的营业收入同比下降15.9%，达到49785万美金。预定金额改善至55650万美金，同比增长24.3%。
该部门的调整后EBITDA为31440万美金，同比增长34.4%。季度活跃用户数为62850万，同比增长15.5%。每用户平均预定金额为0.89美金，去年同期为0.82美金。
电子商务和其他服务的营业收入同比增长42.6%，达到32亿美金。该部门的整体调整后EBITDA为3440万美金，而去年同期为-346.5百万美金。
核心市场的营业收入同比增长49.3%，达到20亿美金。总体订单量同比上升24.2%。GMV为251亿美金，同比增加25.2%。
数字金融服务的营业收入同比增长38.0%，达到61570万美金。
截至2024年9月30日，Sea有限公司持有99亿现金和等价物。
董事长兼首席执行官李福森指出，Shopee正按计划实现年度指导，预计同比GMV增长中间在20%到25%之间。SeaMoney的贷款规模同比增长超过70%，保持了稳定的不良贷款比率。李还强调了Garena的成功，预计《绝地求生：刺激战场》的预订将在今年增长超过30%。
李福森强调在强劲增长的同时实现了更高的盈利能力，指出Shopee在亚洲和巴西实现了正的调整后EBITDA。他预计Shopee将继续在保持增长势头的同时交付利润。
