MariBank, Singapore tech giant Sea Group's digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively.Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against Alibaba-owned Lazada and TikTok.Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022. There was a net loss of $111.6 million in the fourth quarter of 2023, as compared to net income of $422.8 ...

Key TakeawaysSea Limited reported better-than-expected quarterly results on higher sales at its e-commerce and financial services businesses.The Singapore-based consumer internet provider also posted its first annual profit since it began publicly trading.ADRs of Sea Limited pared early gains and remained in negative territory over the past year. American Depositary Receipts (ADRs) of Sea Limited (SE) pared gained Monday after the Southeast Asian consumer internet company posted better-than-expected results ...

Shares of Sea Limited (SE 4.25%) popped then dropped on Monday after the company reported its results for 2023's fourth quarter before the market opened. It was a great quarter and year for the company, leading to enthusiasm from the market. But uncertainty regarding 2024 threw cold water on investors' initial fiery enthusiasm. Though it had been up by nearly 14% in early trading, it then fell, sinking to as low as down 2.5%. As of 12:40 p.m. ET, Sea stock was up by about 4.5%.A year of progressSea operates ...

March 2024 This presentation by Sea Limited ("Sea") contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "may," "could," "will," "expect," "anticipate," "aim," "future," "intend," "plan," "believe," "estimate," "likely to," "potential," "confident," "guidance," and similar statements. Among other things, statements that are not h ...

Moving to the second question on the SeaMoney EBITDA for Q4. So I think we probably should put into perspective on the overall SeaMoney businesses. The SeaMoney has seen the first positive in 2023, and the trajectory has been doing well, if you look at Q1, Q2, Q3, and extend to Q4. We have seen very healthy margin in our SeaMoney businesses. And given the very healthy margin in the businesses, we in Q4 leveraging on the facilities we spent, we invest more to acquire new user to the platform and this essenti ...

Sea Ltd (NYSE:SE) stock is up 1% to trade at $52.02 at last check, after the tech name recorded its first annual profit and issued a strong outlook for 2024. A fourth-quarter revenue win thanks to 24% year-over-year growth and smaller-than-expected losses are boosting the shares as well.While analysts are yet to chime in on the results, the options pits are already buzzing. So far today, 47,000 calls and 25,000 puts have crossed the tape, or seven times the intraday average volume. The most popular contract ...

For the quarter ended December 2023, Sea Limited Sponsored ADR (SE) reported revenue of $3.56 billion, up 16.9% over the same period last year. EPS came in at -$0.01, compared to $1.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.59 billion, representing a surprise of -0.66%. The company delivered an EPS surprise of -150.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2023. “ I am happy to share that we have achieved our first full year of annual profit since our IPO,” said Forrest Li, Sea’s Chairman and Chief Executive Officer. “ In 2023, we achieved profitability, strengthened our market leadership for our e-commerce business, grew our digital financial services business, and stabilized the performanc ...

Exhibit 99.1 Sea Limited Reports Fourth Quarter and Full Year 2023 Results Singapore, March 4, 2024 – Sea Limited (NYSE: SE) ("Sea" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2023. "I am happy to share that we have achieved our first full year of annual profit since our IPO," said Forrest Li, Sea's Chairman and Chief Executive Officer. "In 2023, we achieved profitability, strengthened our market leadership for our e-commerce business, grew ...

Sea Limited Sponsored ADR (SE) closed at $48.52 in the latest trading session, marking a +1.61% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.52%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.9%.Coming into today, shares of the company had gained 25.2% in the past month. In that same time, the Computer and Technology sector gained 1.9%, while the S&P 500 gained 3.85%.The investment community will be closely monitoring th ...