The call highlighted significant growth and profitability across all business segments, with strong performance metrics and strategic advancements positioning the company for continued success. Despite a slight increase in marketing expenses, the overall outlook remains robust.

Company Guidance

During Sea Limited's Q3 2024 earnings call, the management provided optimistic guidance, highlighting significant year-on-year growth across its three main business segments. Shopee is on track to achieve mid-20% year-on-year GMV growth, while SeaMoney's loan book expanded over 70% year-on-year with a stable non-performing loan ratio of 1.2%. Garena anticipates Free Fire's bookings to increase by over 30% year-on-year. Shopee achieved positive adjusted EBITDA in both Asia and Brazil, reflecting improved profitability. The company also reported a 31% increase in total GAAP revenue to $4.3 billion and a leap in total adjusted EBITDA to $521 million. The e-commerce segment saw a 25% rise in GMV and a 43% increase in marketplace revenue. Digital financial services revenue grew 38%, and digital entertainment bookings jumped 24%. The management emphasized continued growth in user engagement and financial service expansion, positioning the company for sustained profitable growth.

Strong Growth Across Segments

Shopee's GMV grew by 25% year-on-year, SeaMoney's loan book grew over 70% year-on-year, and Garena's Free Fire bookings grew over 30% year-on-year.

Profitable Quarter for Shopee

Shopee achieved positive adjusted EBITDA in both Asia and Brazil, with Brazil achieving breakeven on an adjusted EBITDA basis for the first time.

Significant Improvement in Digital Financial Services

DFS GAAP revenue rose by 38% year-on-year, with consumer and SME loans principal outstanding reaching $4.6 billion, a 73% year-on-year increase.

Record Performance by Free Fire

Free Fire had over 100 million daily active users in Q3, with a 25% year-on-year growth, and was the #1 most downloaded mobile game globally per Sensor Tower.

Overall Financial Performance

Total GAAP revenue increased by 31% year-on-year to $4.3 billion, and total adjusted EBITDA was $521 million compared to $35 million in Q3 2023.

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Sea (SE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2018	2018 (Q2)	- / -0.61	-0.535	-14.02% (-0.07)	―	―
Nov 20, 2018	2018 (Q3)	- / -0.59	-0.75	20.67% (+0.16)	―	―
Feb 26, 2019	2018 (Q4)	- / -0.81	-0.858	5.59% (+0.05)	―	―
May 21, 2019	2019 (Q1)	- / -0.64	-0.613	-4.40% (-0.03)	―	―
Aug 20, 2019	2019 (Q2)	- / -0.52	-0.61	14.75% (+0.09)	―	―
Nov 12, 2019	2019 (Q3)	- / -0.40	-0.595	32.10% (+0.19)	―	―
Mar 03, 2020	2019 (Q4)	- / -0.53	-0.81	34.57% (+0.28)	―	―
May 18, 2020	2020 (Q1)	- / -0.52	-0.64	18.75% (+0.12)	―	―
Aug 18, 2020	2020 (Q2)	- / -0.68	-0.52	-30.77% (-0.16)	―	―
Nov 17, 2020	2020 (Q3)	- / -0.53	-0.404	-30.94% (-0.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$97.46	$107.65	+10.46%
Aug 13, 2024	$66.92	$74.85	+11.85%
May 14, 2024	$64.46	$66.26	+2.79%
Mar 04, 2024	$51.05	$53.90	+5.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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