Sea Limited Q3 Earnings Miss Estimates, Shares Rise on Revenue Growth

Zacks11-14

Sea Limited SE reported adjusted earnings of 54 cents per share in the third quarter of 2024, missing the Zacks Consensus Estimate by 8.47%. It had posted earnings of 6 cents in the year-ago quarter....

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It had posted earnings of 6 cents in the year-ago quarter....</p>\n\n<a href=\"https://finance.yahoo.com/news/sea-limited-q3-earnings-miss-174100338.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Q3 Earnings Miss Estimates, Shares Rise on Revenue Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Q3 Earnings Miss Estimates, Shares Rise on Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 01:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sea-limited-q3-earnings-miss-174100338.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sea Limited SE reported adjusted earnings of 54 cents per share in the third quarter of 2024, missing the Zacks Consensus Estimate by 8.47%. It had posted earnings of 6 cents in the year-ago quarter....</p>\n\n<a href=\"https://finance.yahoo.com/news/sea-limited-q3-earnings-miss-174100338.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PANW","symbol_name":"Palo Alto Networks","start_time":0,"source_url":"https://finance.yahoo.com/news/sea-limited-q3-earnings-miss-174100338.html","article_id":"2483859523","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ODR4OFQ6es2DXtmcU.DLWA--~B/aD0zNzI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d769244826e4f3d020ba08280de24d8a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483859523","pubTimestamp":1731519660,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Sea Limited SE reported adjusted earnings of 54 cents per share in the third quarter of 2024, missing the Zacks Consensus Estimate by 8.47%. It had posted earnings of 6 cents in the year-ago quarter.SE’s earnings lagged the Zacks Consensus Estimate in the trailing four quarters, the average negative earnings surprise being 55.54%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $4.3 billion increased 30.8% on a year-over-year basis, beating the Zacks Consensus Estimate by 3.59%. The uptick was primarily driven by growth in Gross Merchandise Value  for e-commerce and the credit business.Sea Limited Sponsored ADR Price, Consensus and EPS Surprise. Sea Limited Sponsored ADR price-consensus-eps-surprise-chart | Sea Limited Sponsored ADR Quote. Shares jumped 10.46% to close at $107.65 on Nov. 12 following the third-quarter 2024 results. Sea Limited’s shares have surged 164.7% year to date compared with the Zack Computer and Technology sector’s rise of 29.5%","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PANW":"Palo Alto Networks","SE":"Sea Ltd"},"translate_title":"Sea Limited第三季度盈利未达预期，股价因收入增长而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PANW":0.9,"SE":0.9},"content_text":"Sea Limited SE reported adjusted earnings of 54 cents per share in the third quarter of 2024, missing the Zacks Consensus Estimate by 8.47%. It had posted earnings of 6 cents in the year-ago quarter.SE’s earnings lagged the Zacks Consensus Estimate in the trailing four quarters, the average negative earnings surprise being 55.54%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $4.3 billion increased 30.8% on a year-over-year basis, beating the Zacks Consensus Estimate by 3.59%. The uptick was primarily driven by growth in Gross Merchandise Value (GMV) for e-commerce and the credit business.\n\nSea Limited Sponsored ADR Price, Consensus and EPS Surprise\n  \nSea Limited Sponsored ADR price-consensus-eps-surprise-chart | Sea Limited Sponsored ADR Quote\n\nShares jumped 10.46% to close at $107.65 on Nov. 12 following the third-quarter 2024 results. Sea Limited’s shares have surged 164.7% year to date compared with the Zack Computer and Technology sector’s rise of 29.5%.\nSE’s Top-Line Details\nDigital Entertainment revenues were $497.8 million, marking a year-over-year decline of 15.9%.Quarterly active users were 628.5 million, up 15.5% year over year.Quarterly paying users of 50.2 million increased 23.9% year over year. The paying user ratio was 8% in the second quarter compared with 7.5% in the year-ago quarter.Average bookings per user in the reported quarter were 89 cents compared with 82 cents in the year-ago quarter.Garena segment reported strong growth in the third quarter, with total bookings reaching $556.5 million, marking a 24.3% year-over-year increase, driven by Free Fire and above 100 million daily active users.E-commerce and other services’ revenues totaled $3.4 billion, up 41.2% year over year.The uptick was driven by the robust performance in Shopee, with gross orders rising 24.2% and GMV growing 25.2% year over year.Shopee segment maintained its market leadership in Asia, with average monthly active buyers increasing more than 20% year over year in the third quarter.Sales of goods increased 38.9% year over year to $418 million in the third quarter of 2024.Digital Financial Services’ revenues increased 38% year over year to $615.7 million. The uptick was driven by strong growth in its loan book, which reached $4.6 billion, up 73.2%.Non-performing loans over 90 days were stable at 1.2% of total consumer and SME loans in the reported quarter.\nSea Limited’s Operating Details\nGross profit increased 29.1% year over year to $1.86 billion in the third quarter of 2024.Adjusted EBITDA was $521.3 million compared with an EBITDA of $35.3 million in the year-ago quarter.Digital Entertainment's adjusted EBITDA was $314.4 million, rising 34.4% from $234 million in the year-ago quarter.E-commerce adjusted EBITDA was $34.4 million against a loss of $346.5 million incurred in the year-ago quarter.Digital Financial Services adjusted EBITDA reached $187.9 million, up 13.4% year-over-year from $165.7 million.\nSE’s Balance Sheet & Cash Flow\nAs of Sept. 30, 2024, SE had cash and cash equivalents of $2.54 billion compared with $2.64 billion as of June 30, 2024.The company generated $1.17 million in cash from operating activities in the reported quarter compared with $0.62 million in the previous quarter.\nSea Limited’s Zacks Rank & Stocks to Consider\nCurrently, SE has a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Computer & Technology sector are CyberArk Software CYBR, Palo Alto Networks PANW and Bilibili BILI. CyberArk Software sports a Zacks Rank #1 (Strong Buy), and Palo Alto and Bilibili each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.CyberArk Software’s shares have lost 39.7% in the year-to-date period. CYBR is set to report third-quarter 2024 results on Nov. 13.Palo Alto Networks’ shares have jumped 35% year to date. PANW is set to report first-quarter fiscal 2025 results on Nov. 20.Bilibili’s shares have gained 72.8% year to date. BILI is set to report third-quarter 2024 results on Nov. 14.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSea Limited Sponsored ADR (SE) : Free Stock Analysis Report\nPalo Alto Networks, Inc. (PANW) : Free Stock Analysis Report\nCyberArk Software Ltd. (CYBR) : Free Stock Analysis Report\nBilibili Inc. Sponsored ADR (BILI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483859523"}