Welcome to our dedicated page for Sea American Depositary Shares, each representing one news (Ticker: SE), a resource for investors and traders seeking the latest updates and insights on Sea American Depositary Shares, each representing one stock.
Sea Limited (NYSE: SE) is a prominent consumer internet company based in Southeast Asia and Taiwan. Our mission is to enhance the lives of consumers and small businesses in our region through technology.
Sea Limited boasts three core businesses:
- Shopee: Launched in 2015, Shopee has rapidly become the largest and most popular e-commerce platform in Southeast Asia and Taiwan. It offers a highly social and mobile-first shopping experience, facilitating a trusted and enjoyable marketplace for buyers and sellers. In 2018, Shopee recorded over 603 million orders and a gross merchandise value (GMV) of $10.3 billion. It was also the most downloaded shopping app in Southeast Asia and Taiwan.
- Garena: Garena is a global leader in the gaming industry, known for developing the smash hit mobile battle royale game, Free Fire. With over 450 million registered users and 50 million peak daily active users as of May 2019, Free Fire is among the world's most popular games. Garena also publishes AAA mobile and PC titles such as Arena of Valor, League of Legends, and Speed Drifter, making it the largest games publisher in the region.
- SeaMoney: This arm of Sea Limited focuses on providing financial services, primarily credit lending, to Southeast Asia's underserved populations.
Sea Limited’s growth is driven mainly by Shopee, which operates as a hybrid C2C and B2C marketplace across eight core markets. Indonesia is the largest, contributing 35% of GMV. Other significant markets include Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. Garena continues to be a strong revenue generator, with Free Fire accounting for 74% of gaming revenue in 2021 and being the most downloaded game in January 2022. SeaMoney rounds out the company’s diversified portfolio by offering much-needed financial services to the region.
For the latest updates on Sea Limited, including performance, events, and developments, stay tuned to our news section.
Sea (NYSE: SE) reported strong Q3 2024 results with total GAAP revenue reaching US$4.3 billion, up 30.8% year-on-year. The company achieved net income of US$153.3 million, compared to a net loss of US$144.0 million in Q3 2023. E-commerce segment showed significant growth with GMV increasing 25.2% to US$25.1 billion. Digital Financial Services saw loan book growth of over 70% year-on-year while maintaining stable NPL ratio. Gaming division Free Fire's bookings are expected to grow over 30% year-on-year. Cash position strengthened to US$9.9 billion as of September 30, 2024.
Sea (NYSE: SE) has scheduled its third quarter 2024 earnings announcement for November 12, 2024, before the U.S. market opens. The company will host a conference call and live webcast at 7:30 AM U.S. Eastern Time (8:30 PM Singapore/Hong Kong Time) on the same day to discuss the results. A replay of the conference call and archived webcast will be available on Sea's investor relations website.
Sea reported strong Q2 2024 results, with total GAAP revenue up 23% year-on-year to $3.8 billion. Key highlights include:
- E-commerce (Shopee) gross orders grew 40.3% YoY to 2.5 billion, with GMV up 29.1% to $23.3 billion
- Digital Entertainment (Garena) bookings increased 21.1% YoY to $536.8 million
- Digital Financial Services revenue rose 21.4% YoY to $519.3 million
The company expects Shopee to become adjusted EBITDA positive from Q3 2024 and raised full-year GMV growth guidance to mid-20%. Free Fire achieved over 100 million daily active users throughout Q2. Total net income was $79.9 million, down from $331.0 million in Q2 2023.
Sea (NYSE: SE) has announced that it will release its second quarter 2024 financial results on August 13, 2024, before the U.S. market opens. The company will host a conference call and live webcast to discuss the results on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Singapore/Hong Kong Time). Investors and analysts can access the webcast through the provided link. For those unable to attend the live event, a replay of the conference call will be available on Sea's investor relations website. This announcement provides an opportunity for stakeholders to gain insights into Sea 's financial performance and future outlook.
Sea (NYSE: SE) reported its financial results for Q1 2024, showing significant growth across all business segments. Total GAAP revenue increased by 22.8% year-on-year to $3.7 billion, with a gross profit of $1.6 billion, up 9.7% YoY.
E-commerce saw a 32.9% increase in revenue to $2.7 billion, with gross orders up 56.8% to 2.6 billion. Digital Financial Services revenue rose by 21.0% YoY to $499.4 million, with adjusted EBITDA up by 50.3% to $148.7 million. Digital Entertainment bookings grew by 10.8% YoY to $512.1 million, but GAAP revenue decreased by 15.1% to $458.1 million.
However, the company recorded a net loss of $23.0 million compared to a net income of $87.3 million in Q1 2023. Sales and marketing expenses surged by 92.3% to $769.6 million. Despite these challenges, Sea remains optimistic about its growth trajectory for 2024.
Sea (NYSE: SE) will release its first quarter 2024 results on May 14, 2024, before the U.S. market opens. The company's management will host a conference call to discuss the results, with a live webcast available on their website. A replay and archived webcast will also be accessible.
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