Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars

Sea Limited (NYSE:SE) reported fiscal third-quarter 2024 revenue growth of 30.8% year-on-year to $4.33 billion, beating the analyst consensus estimate of $4.08 billion. 

EPS of $0.24, up from $(0.26) Y/Y, missed the analyst consensus estimate of $0.26. The stock price gained after the print.

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Digital Entertainment revenue decreased 15.9% year over year to $497.85 million. Bookings improved to $556.5 million, up 24.3% Y/Y. 

The segment’s adjusted EBITDA was $314.4 million, up 34.4% Y/Y. Quarterly ...