Sea Limited Reports Fourth Quarter and Full Year 2019 Results
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Sea Ltd. (SE) Reports Q4 Revenues Beat; Provides FY20 Revenue Outlook
March 3, 2020 6:37 AM ESTSea Ltd. (NYSE: SE) reported Q4 EPS of ($0.53), $0.23 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $909.1 million versus the consensus estimate of $873.12 million.
Fourth Quarter 2019 Highlights
Group
Total adjusted revenue was US$909.1 million, up 133.5% year-on-year from US$389.3 million for the fourth quarter of 2018.Total gross profit was US$264.9 million, compared to US$(8.0) million for the fourth quarter of 2018.Total adjusted EBITDA was US$(104.9) million compared to US$(203.6) million for the fourth quarter of 2018.Digital Entertainment
Adjusted revenue was US$479.9 million, up 107.4% year-on-year from... More