Sea Limited Reports Third Quarter 2019 Results
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Sea Ltd. (SE) Reports Q3 Revenues Beat; Raises FY19 Revenue Outlook
November 12, 2019 6:34 AM ESTSea Ltd. (NYSE: SE) reported Q3 revenue for the quarter came in at $763.3 million versus the consensus estimate of $700.71 million.
Third Quarter 2019 Highlights
Group
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 Entertainment
Adjusted 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... More