Did SE really come roaring back?

BrianTycangco鄭彥渊

I know $Sea Ltd(SE)$ struggled last year. But, boy, did it really come roaring back - not just its ecommerce business Shopee but also its gaming division now contributing the way it used to.

A sort of $Alibaba(BABA)$ $BABA-W(09988)$ + $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ of the Emerging Markets rolled into one dynamo.

Sea Limited $SE 3Q results:

Revenue +30.8% to $4.3 billion (Major BEAT!)

Adjusted EPS +200% to $0.26 (from -$0.26 loss) (Meet)

Metrics:

- Ecommerce GMV +25.2% to $25.1B

Ecom gross orders +24.2% to 2.8B

GAAP revenue +42.6% to $3.2B

Adjusted EBITDA swings from $346m loss to $34.4m profit (BIG IMPROVEMENT!)

- Digital Finance revenue +38% to $615.7m

Digital Financial adjusted EBITDA +13.4% to $187.9m

NPLs past 90days slightly improves to 1.2%

- Digital Entertainment revenue -15.9% to $497.8m

Bookings +24.3% to $556m

Adjusted EBITDA +34.4% to $314.4m

QAUs +15.5% to 628.5m users

QPUs +23.9% to 50.2m users

Average bookings per user +8.5% to $0.89

Massive improvements from all fronts for the company, with eCommerce surging back into profitability. This signals an end to the bleeding caused by heavy promotions to gain market share in the past.

Steady gains in financial services with well-managed NPLs. Recovery in digital entertainment profitability, with revenue growth in the horizon.

💰 Stocks to watch today?(22 Nov)

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Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[],"coverImages":[],"title":"Did SE really come roaring back?","html":"<html><head></head><body><p>I know <a data-mention-id=\"SE\" class=\"teditor-mention\" data-mention-name=\"Sea Ltd\" href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a> struggled last year. But, boy, did it really come roaring back - not just its ecommerce business Shopee but also its gaming division now contributing the way it used to.</p><p> A sort of  <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"Alibaba\" href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>  <a data-mention-id=\"09988\" class=\"teditor-mention\" data-mention-name=\"BABA-W\" href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$</a>  +  <a data-mention-id=\"00700\" class=\"teditor-mention\" data-mention-name=\"TENCENT\" href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>  <a data-mention-id=\"TCEHY\" class=\"teditor-mention\" data-mention-name=\"Tencent Holding Ltd.\" href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$</a>  of the Emerging Markets rolled into one dynamo. </p><h2 id=\"id_3028887517\">Sea Limited $SE 3Q results:</h2><p>Revenue +30.8% to $4.3 billion (Major BEAT!)</p><p>Adjusted EPS +200% to $0.26 (from -$0.26 loss) (Meet)</p><h3 id=\"id_1052195350\">Metrics:</h3><p>- Ecommerce GMV +25.2% to $25.1B</p><p>      Ecom gross orders +24.2% to 2.8B</p><p>      GAAP revenue +42.6% to $3.2B</p><p>      Adjusted EBITDA swings from $346m loss to $34.4m profit (BIG IMPROVEMENT!)</p><p>- Digital Finance revenue +38% to $615.7m</p><p>      Digital Financial adjusted EBITDA +13.4% to $187.9m</p><p>      NPLs past 90days slightly improves to 1.2%</p><p>- Digital Entertainment revenue -15.9% to $497.8m</p><p>      Bookings +24.3% to $556m</p><p>      Adjusted EBITDA +34.4% to $314.4m</p><p>      QAUs +15.5% to 628.5m users</p><p>      QPUs +23.9% to 50.2m users</p><p>      Average bookings per user +8.5% to $0.89</p><p>Massive improvements from all fronts for the company, with eCommerce surging back into profitability. This signals an end to the bleeding caused by heavy promotions to gain market share in the past. </p><p>Steady gains in financial services with well-managed NPLs. Recovery in digital entertainment profitability, with revenue growth in the horizon. </p></body></html>","htmlText":"<html><head></head><body><p>I know <a data-mention-id=\"SE\" class=\"teditor-mention\" data-mention-name=\"Sea Ltd\" href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$</a> struggled last year. But, boy, did it really come roaring back - not just its ecommerce business Shopee but also its gaming division now contributing the way it used to.</p><p> A sort of  <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"Alibaba\" href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>  <a data-mention-id=\"09988\" class=\"teditor-mention\" data-mention-name=\"BABA-W\" href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$</a>  +  <a data-mention-id=\"00700\" class=\"teditor-mention\" data-mention-name=\"TENCENT\" href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>  <a data-mention-id=\"TCEHY\" class=\"teditor-mention\" data-mention-name=\"Tencent Holding Ltd.\" href=\"https://ttm.financial/S/TCEHY\">$Tencent Holding Ltd.(TCEHY)$</a>  of the Emerging Markets rolled into one dynamo. </p><h2 id=\"id_3028887517\">Sea Limited $SE 3Q results:</h2><p>Revenue +30.8% to $4.3 billion (Major BEAT!)</p><p>Adjusted EPS +200% to $0.26 (from -$0.26 loss) (Meet)</p><h3 id=\"id_1052195350\">Metrics:</h3><p>- Ecommerce GMV +25.2% to $25.1B</p><p>      Ecom gross orders +24.2% to 2.8B</p><p>      GAAP revenue +42.6% to $3.2B</p><p>      Adjusted EBITDA swings from $346m loss to $34.4m profit (BIG IMPROVEMENT!)</p><p>- Digital Finance revenue +38% to $615.7m</p><p>      Digital Financial adjusted EBITDA +13.4% to $187.9m</p><p>      NPLs past 90days slightly improves to 1.2%</p><p>- Digital Entertainment revenue -15.9% to $497.8m</p><p>      Bookings +24.3% to $556m</p><p>      Adjusted EBITDA +34.4% to $314.4m</p><p>      QAUs +15.5% to 628.5m users</p><p>      QPUs +23.9% to 50.2m users</p><p>      Average bookings per user +8.5% to $0.89</p><p>Massive improvements from all fronts for the company, with eCommerce surging back into profitability. This signals an end to the bleeding caused by heavy promotions to gain market share in the past. </p><p>Steady gains in financial services with well-managed NPLs. Recovery in digital entertainment profitability, with revenue growth in the horizon. </p></body></html>","text":"I know $Sea Ltd(SE)$ struggled last year. But, boy, did it really come roaring back - not just its ecommerce business Shopee but also its gaming division now contributing the way it used to. A sort of $Alibaba(BABA)$ $BABA-W(09988)$ + $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ of the Emerging Markets rolled into one dynamo. Sea Limited $SE 3Q results: Revenue +30.8% to $4.3 billion (Major BEAT!) Adjusted EPS +200% to $0.26 (from -$0.26 loss) (Meet) Metrics: - Ecommerce GMV +25.2% to $25.1B Ecom gross orders +24.2% to 2.8B GAAP revenue +42.6% to $3.2B Adjusted EBITDA swings from $346m loss to $34.4m profit (BIG IMPROVEMENT!) - Digital Finance revenue +38% to $615.7m Digital Financial adjusted EBITDA +13.4% to $187.9m NPLs past 90days slightly improves to 1.2% - Digital Entertainment revenue -15.9% to $497.8m Bookings +24.3% to $556m Adjusted EBITDA +34.4% to $314.4m QAUs +15.5% to 628.5m users QPUs +23.9% to 50.2m users Average bookings per user +8.5% to $0.89 Massive improvements from all fronts for the company, with eCommerce surging back into profitability. This signals an end to the bleeding caused by heavy promotions to gain market share in the past. Steady gains in financial services with well-managed NPLs. Recovery in digital entertainment profitability, with revenue growth in the horizon.","highlighted":1,"essential":1,"paper":2,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/370382121345112","repostId":0,"isVote":1,"tweetType":1,"viewCount":492,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09988","SE","TCEHY","BABA","00700"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1114,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/370382121345112"}