Sea Limited Reports Third Quarter 2019 Results
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the quarter ended September 30, 2019.Third Quarter 2019 HighlightsGroup Total adjusted revenue was US$763.3 million, up 214.3% year-on-year from US$242.8 million for the third quarter of 2018.Total adjusted EBITDA was US$(30.8) million compared to US$(183.8) million for the third quarter of 2018.Digital EntertainmentAdjusted revenue was US$451.0 million, up 212.0% year-on-year from US$144.6 million for the third quarter of 2018.Adjusted EBITDA was US$266.0 million, up 395.0% year-on-year from US$53.7 million for the third quarter of 2018.Adjusted EBITDA margin increased to 59.0% for the third quarter of 2019 from 37.2% for the third quarter of 2018.Quarterly active users (“QAUs”) reached 321.1 million, an increase of 82.3% year-on-year from 176.1 million for the third quarter of 2018.Quarterly paying users continued to grow, accounting for 9.1% of QAUs for the thir
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- Sea Limited (NYSE: SE) had its "reduce" rating re-affirmed by analysts at Phillip Securities. They now have a $100.00 price target on the stock, up previously from $80.00.MarketBeat
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- Sea Limited (NYSE: SE) was upgraded by analysts at Dbs Bank from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sea Limited (NYSE: SE) had its price target raised by analysts at Barclays PLC from $94.00 to $131.00. They now have an "overweight" rating on the stock.MarketBeat
- Sea Limited Q3 Earnings Miss Estimates, Shares Rise on Revenue Growth [Yahoo! Finance]Yahoo! Finance