8Mon·

$SE (-2.34%) Sea Ltd.


Fourth Quarter 2023

o Total GAAP revenue was US$3.6 billion, up 4.8% year-on-year.

(Schätzung was 3,55)


o Total gross profit was US$1.5 billion, as compared to total gross profit of US$1.7 billion for the fourth quarter of 2022.


o Total net loss was US$(111.6) million, as compared to total net income of

US$422.8 million for the fourth quarter of 2022.


o Total adjusted EBITDA1 was US$126.7 million, as compared to US$495.7 million for the fourth quarter of 2022.


Aktie steht momentan 11% fester im vorbörslichen Handel.

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7 Comments

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Since last year, the topic of "growth fantasy" has hit rock bottom and does not seem to want to recover. Sales growth at 4.8%. At 19%, the cost of revenue is rising faster than sales and the gross profit margin is falling to 42%. OpEx growth is also rising again to 16-17%; it was still negative in the last few quarters. Operating Margin is -1.5%. Net income also negative accordingly. Adjusted EBITDA at around 3.5%. It will be interesting to see how the next earnings turn out. Return to profitability or further downhill?
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