Sea Limited Sponsored ADR (SE) reported $3.91 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 29.9%. EPS of $0.46 for the same period compares to $0.83 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.73 billion, representing a surprise of +4.73%. The company delivered an EPS surprise of -22.03%, with the consensus EPS estimate being $0.59. While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

Revenue Growth - Total GAAP revenue increased by 23.0% year-on-year to $3.8 billion in Q2 2024[2] - E-commerce GMV grew by 29.1% year-on-year to $23.3 billion in Q2 2024[3] - Digital Entertainment bookings increased by 21.1% year-on-year to $536.8 million in Q2 2024[5] - Digital Financial Services revenue rose by 21.4% year-on-year to $519.3 million in Q2 2024[4] - E-commerce gross orders increased by 40.3% year-on-year to 2.5 billion in Q2 2024[3] - Total revenue for the six months ended June 30, 2024, was $7.54 billion, up from $6.14 billion in the same period of 2023[36] - E-commerce revenue grew from $2,110,551 thousand in Q2 2023 to $2,821,269 thousand in Q2 2024, while digital financial services revenue increased from $427,940 thousand to $519,338 thousand[45][46] Profitability and Margins - Digital Entertainment adjusted EBITDA margin improved to 56.4% in Q2 2024 from 54.0% in Q2 2023[5] - E-commerce adjusted EBITDA turned negative at $(9.2) million in Q2 2024 compared to $150.3 million in Q2 2023[3] - Net income for Q2 2024 was $79.9 million, a significant decrease from $331.0 million in Q2 2023[22] - Basic earnings per share for Q2 2024 was $0.14, down from $0.57 in Q2 2023[24] - Diluted earnings per share for Q2 2024 was $0.14, compared to $0.54 in Q2 2023[24] - Gross profit for the six months ended June 30, 2024, was $3.14 billion, compared to $2.87 billion in 2023[36] - Operating income for the six months ended June 30, 2024, was $153.99 million, down from $409.04 million in 2023[36] - Net income attributable to Sea Limited's ordinary shareholders for the six months ended June 30, 2024, was $58.20 million, compared to $409.68 million in 2023[36] - Adjusted EBITDA for the e-commerce segment in Q2 2024 was $150.34 million, up from $(9.18) million in Q2 2023[33][34] - Adjusted EBITDA for the digital financial services segment in Q2 2024 was $136.96 million, down from $164.68 million in Q2 2023[33][34] - Adjusted EBITDA for the digital entertainment segment in Q2 2024 was $239.46 million, down from $302.80 million in Q2 2023[33][34] - Operating income for digital financial services improved from $120,966 thousand in Q2 2023 to $151,261 thousand in Q2 2024[45][46] User Engagement and Growth - Free Fire achieved over 100 million daily active players every day in Q2 2024[1] - Consumer and SME loans principal outstanding grew by 39.5% year-on-year to $3.5 billion as of June 30, 2024[4] Financial Position and Cash Flow - Total cash and investments increased by $364.7 million to $9.0 billion as of June 30, 2024[2] - Total assets increased from $18,883,232 thousand as of December 31, 2023, to $19,570,020 thousand as of June 30, 2024, reflecting growth in current and non-current assets[38] - Cash and cash equivalents decreased from $2,811,056 thousand to $2,646,488 thousand, while short-term investments increased from $2,547,644 thousand to $3,387,461 thousand[38] - Loans receivable (net) increased from $2,464,662 thousand to $2,809,987 thousand, indicating growth in the credit business[38] - Net cash used in investing activities amounted to $1,563,708 thousand, primarily due to an increase in loans receivable of $873,000 thousand and net placement of $575,000 thousand in securities[43] - Net cash generated from financing activities was $426,438 thousand, driven by an increase in bank deposits of $674,000 thousand, offset by repurchase of convertible notes of $176,000 thousand[43] - Total liabilities increased from $12,185,647 thousand to $12,603,743 thousand, with current liabilities rising from $8,168,941 thousand to $8,617,171 thousand[39] - Shareholders' equity increased from $6,697,585 thousand to $6,966,277 thousand, driven by growth in additional paid-in capital from $15,283,870 thousand to $15,640,134 thousand[41] Segment Performance - Digital entertainment revenue decreased from $529,397 thousand in Q2 2023 to $435,559 thousand in Q2 2024[45][46]

In its upcoming report, Sea Limited Sponsored ADR (SE) is predicted by Wall Street analysts to post quarterly earnings of $0.59 per share, reflecting a decline of 28.9% compared to the same period last year. Revenues are forecasted to be $3.73 billion, representing a year-over-year increase of 24%. The current level reflects a downward revision of 2.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised thei ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as w ...

The latest trading session saw Sea Limited Sponsored ADR (SE) ending at $65.34, denoting a +1.93% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.65 per share and a revenue of $15.64 billion, indicating changes of +21.32% and +20.41%, respectively ...

World's largest cruise company finalizes agreement with Fincantieri for three new landmark cruise ships scheduled for delivery in 2029, 2031 and 2033 MIAMI, July 23, 2024 /PRNewswire/ -- With consumer demand for cruise vacations at historic levels, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced an order for three new ships for its namesake Carnival Cruise Line brand for a new class of vessel, at nearly 230,000 gross registered tonnes. The agreement ...

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.66 per share and revenue of $15.54 billion. These totals would mark changes of +22.06% and +19.6%, respectively, from last year. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. With respect to valu ...

No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-tosales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overv ...

Valuation - Sea Limited Sponsored ADR is currently trading at a Forward P/E ratio of 43.21, which is a premium compared to the industry average Forward P/E of 29.87 [1] Industry Performance - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 95, placing it in the top 38% of over 250 industries [1] Recent Trading Activity - Sea Limited Sponsored ADR closed at $71.22, reflecting a -0.9% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.64% [3] - Over the past month, shares of Sea Limited have decreased by 4.07%, lagging behind the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82% [3] Earnings Expectations - Analysts expect Sea Limited Sponsored ADR to report earnings of $0.60 per share, indicating a year-over-year decline of 27.71% [4] - The consensus estimate for revenue is $3.7 billion, which represents a 22.86% increase from the prior-year quarter [4] Fiscal Year Projections - For the entire fiscal year, Zacks Consensus Estimates project earnings of $1.66 per share and revenue of $15.54 billion, reflecting increases of 22.06% and 19.6% respectively from the previous year [5] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Sea Limited Sponsored ADR are important as they indicate changing business trends, with positive revisions suggesting analysts' confidence in the company's performance [6] - The Zacks Rank system, which incorporates these estimate changes, currently rates Sea Limited Sponsored ADR as 5 (Strong Sell) [8]

Discouraged investors increasingly see reasons to be more hopeful and optimistic. Consider that the S&P 500 was up 14.5% in the first half of the year, which is a spectacular six-month return for this large index. In short, there's a bullish breeze in the air, providing a nice tailwind to the sails of Sea stock. TikTok might not seem like an obvious competitor in the e-commerce space. However, retailers can set up shops and integrate advertising with video on TikTok's platform. And the practice is popular. ...