Sea Limited (SE) reported earnings of 46 cents per share in second-quarter 2024, missing the Zacks Consensus Estimate of 22.03%. The company posted earnings of 83 cents in the year-ago quarter. Revenues of $3.91 billion increased 29.9% on a year-over-year basis, beating the Zacks Consensus Estimate by 4.73%. The uptick was primarily driven by growth in Gross Merchandise Value (GMV) for e-commerce and the credit business. Top-Line Details Digital entertainment revenues totaled $435.6 million, down 17.7% year ...

Sea Limited's profitable growth story might be back on track. In this video, I will go over Sea Limited's (SE 11.85%) recent earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 12, 2024. The video was published on Aug. 13, 2024. ...

Key Takeaways A 40% jump in sales for Singapore's Shopee helped its parent Sea Limited post strong earnings. CEO Forrest Li said Shopee will become adjusted EBITDA-positive starting in the third quarter. Sea's gaming and financial services businesses also saw double-digit growth. The company's U.S.-traded shares jumped 12% on Tuesday, boosting its year-to-date gain to 85%. Shares of Sea Limited (SE), the Singapore tech conglomerate that runs online shopping website Shopee, soared Tuesday after the company r ...

Earnings showed growth and increasing profitability across all three of the company's segments. Shares of Sea Limited (SE 11.66%) were rallying on Tuesday, up 11.5% as of 2:35 p.m. ET. The Southeast Asian e-commerce, fintech, and gaming company reported earnings today that were somewhat mixed relative to analyst estimates, but it showed continued improvement across all three of its segments. Sea's comeback is underway Sea Limited was one of the darlings of the pandemic era, reaching a high of $372 per share ...

Sea Limited (NYSE:SE) Q2 2024 Earnings Conference Call August 13, 2024 7:30 AM ET Company Participants Miang Chuen Koh - Investor Relations Director Forrest Li - Chairman and Chief Executive Officer Tony Hou - Chief Financial Officer Conference Call Participants Pang Vittayaamnuaykoon - Goldman Sachs Piyush Choudhary - HSBC Marissa Putri - UBS Alicia Yap - Citigroup Ellie Jiang - Macquarie Divya Kothiyal - Morgan Stanley Sachin Salgaonkar - Bank of America Thomas Chong - Jefferies Jiong Shao - Barclays Oper ...

Sea Limited (NYSE:SE), a Singapore-based company that owns the Shopee e-commerce site, is seeing its stock surge over 10% this morning after reporting earnings. Sea reported net income of $331 million, 54 cents per share fully diluted, on revenue of $3.1 billion for the three months ending in June. Shares were trading this morning at about $74, with a market capitalization of over $42.6 billion. So far in 2024, SE stock is up 92%. Shopee Wee! Analysts disagreed on the meaning of the numbers, but traders bid ...

Sea Limited's (SE) shares have surged 65.3% compared with the Zacks Internet - Software industry's growth of 9.7%. The rise in stock price reflects investors' confidence in SE's portfolio strength and cost management initiatives. Sea Limited is also focusing on enhancing its profits by raising commissions on merchants. According to a report by Bloomberg, it has increased approximately one-third in the commissions it charges merchants in several key markets since the beginning of the year. This will allow Se ...

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 ...

Exhibit 99.1 Sea Limited Reports Second Quarter 2024 Results Singapore, August 13, 2024 – Sea Limited (NYSE: SE) ("Sea" or the "Company") today announced its financial results for the second quarter ended June 30, 2024. "I'm happy to report that it has been a solid quarter for us, with our strong momentum from Q1 continuing into Q2. All three of our businesses have shown both strong growth and higher profitability," said Forrest Li, Sea's Chairman and Chief Executive Officer. On Shopee's 2024 outlook, he sa ...

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 ...