Loading...
Loading...
- Sea Ltd SE reported third-quarter FY21 revenue growth of 121.8% year-on-year to $2.7 billion, beating the consensus of $2.45 billion.
- Digital Entertainment revenue increased 93.2% Y/Y to $1.1 billion, and bookings rose 29.2% Y/Y to $1.2 billion.
- Quarterly paying users grew by 42.7%, and quarterly active users increased 27.4% Y/Y. Average bookings per user were in line at $1.7.
- The segment adjusted EBITDA rose 22.3% Y/Y to $715.1 million.
- E-commerce revenue increased 134.4% Y/Y to $1.5 billion.
- Marketplace revenue grew 151.4% Y/Y, and product revenue rose 82.2% Y/Y.
- Gross orders rose 123.2% Y/Y. Gross merchandise value increased 80.6% Y/Y.
- The segment adjusted EBITDA loss was $(683.8) million.
- The mobile wallet total payment volume rose 111% Y/Y to over $4.6 billion.
- EPS loss of $(0.84) missed the consensus loss of $(0.65).
- Sea Ltd held $12.5 billion in cash and equivalents.
- Outlook: Sea Ltd increased the FY21 revenue for e-commerce from $4.7 billion - $4.9 billion to $5.0 billion - $5.2 billion.
- Price Action: SE shares traded higher by 4.95% at $360 in the premarket session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in