Overview
Sea Limited Q3 revenue grows 38.3% yr/yr, beating analyst expectations
Net income for Q3 rises to $375 mln, driven by strong segment performance
Shopee achieves record GMV and revenue, Garena bookings up 51% yr/yr
Outlook
Sea expects Shopee's full-year 2025 GMV growth to exceed 25%
Garena projected to achieve over 30% growth in 2025 bookings
Result Drivers
ECOMMERCE GROWTH - Shopee achieved record GMV and revenue, driven by monetization gains and growth momentum
FINANCIAL SERVICES EXPANSION - Monee's strong quarter fueled by user growth and product expansion, with stable portfolio quality
DIGITAL ENTERTAINMENT CAMPAIGNS - Garena's bookings surged due to successful campaigns and increased user engagement
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $6 bln | $5.65 bln (13 Analysts) |
Q3 EPS | $0.59 | ||
Q3 Net Income | $375 mln | ||
Q3 Adjusted EBITDA | $874.30 mln | ||
Q3 Gross Profit | $2.60 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Sea Ltd is $198.00, about 21.7% above its November 10 closing price of $155.05
Press Release: ID:nBwb5X7tNa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)