Sea Limited: Q4 2023 Earnings, Accelerating Growth And Better Unit Economics, Maintain Buy [Seeking Alpha]
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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US:NYSE Investor Relations:
seagroup.com/investor/home
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Source: Seeking Alpha
Average bookings per user growth accelerated on a quarter-on-quarter basis. However, quarterly active users ("QAU") count fell. Normalizing QAU and the relaunch of Free Fire India are catalysts for Garena. Shopee reported an acceleration in GMV growth and gross orders, while adjusted EBITDA losses narrowed. Unit economics improved as Shopee solidified its market leadership and remains focused on logistics. SeaMoney demonstrated robust growth and sustained its profitability. The fintech business will continue to grow as Shopee scales up, and this will also lower overall costs. We revised our fair value estimate from $88 per share to $94 per share, derived from 10-year DCF valuation. Risks include the continued decline in Garena's user base and heightened e-commerce competition. Recap In our recent article on Sea Limited ( NYSE: SE ), we emphasized the rationale behind Shopee's strategic shift from prioritizing profitability to driving growth. This strategic pivot aims to tak
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High impacting Sea Limited American Depositary Shares, each representing one Class A Ordinary Share news events
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A roundup of the hottest topics
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News
- Here's Why Sea Limited Stock Rose by 18% Last Month [Yahoo! Finance]Yahoo! Finance
- Sea Limited (NYSE: SE) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $78.00 price target on the stock.MarketBeat
- Sea Limited (NYSE: SE) had its price target raised by analysts at Barclays PLC from $68.00 to $85.00. They now have an "overweight" rating on the stock.MarketBeat
- Sea Limited to Report First Quarter 2024 ResultsBusiness Wire
- Chinese Metal Tycoon's Heir Buys $62 Million Singapore Mansion [BNN Bloomberg (Canada)]BNN Bloomberg
SE
Earnings
- 3/4/24 - Beat