$SE (-1,3%) | Sea Limited Q3 '24 Earnings Highlights:

🔹 EPS: $0.24 (Est. $0.24) 🟡

🔹 Revenue: $4.33B (Est. $4.12B) 🟢; UP +30.8% YoY

🔹 Adjusted EBITDA: $521.3M (Est. $481M) 🟢

FY24 Guidance:

🔹 Shopee GMV Growth: Reaffirms mid-20% YoY growth target

🔹 Free Fire Bookings: Expected to grow over 30% YoY

E-commerce (Shopee):

🔹 GMV: $25.1B, UP +25.2% YoY

🔹 Revenue: $3.2B; UP +42.6% YoY

🔹 Adjusted EBITDA: $34.4M (Prior Year: -$346.5M)

🔹 Asia Markets Adjusted EBITDA: $30.9M (Prior Year: -$306.2M)

🔸 Positive adjusted EBITDA achieved in both Asia and Brazil

Digital Financial Services (SeaMoney):

🔹 Revenue: $615.7M; UP +38% YoY

🔹 Loan Book: $4.6B; UP +73.2% YoY

🔹 Non-Performing Loans (90+ days): 1.2%, stable QoQ

🔹 Adjusted EBITDA: $187.9M; UP +13.4% YoY

Digital Entertainment (Garena):

🔹 Bookings: $556.5M; UP +24.3% YoY

🔹 Revenue: $497.8M; DOWN -15.9% YoY

🔹 Adjusted EBITDA: $314.4M; UP +34.4% YoY

🔹 Quarterly Active Users: 628.5M; UP +15.5% YoY

🔹 Quarterly Paying Users: 50.2M; UP +23.9% YoY

CEO Forrest Li's Commentary:

🔸 "Shopee is on track to meet full-year GMV guidance, SeaMoney’s loan book grew over 70% YoY, and Free Fire bookings are set to grow over 30% YoY. Our focus remains on profitable growth across all three businesses."

Additional Financial Highlights:

🔸 Cash and short-term investments: $9.9B, UP by $929.2M from Q2