Sea Limited Earnings Preview Q3 2024

Sea Limited (NYSE:SE) has earnings ahead on Tuesday as it seeks to continue a recent rally. 

SE - Daily Chart

SE – Daily Chart 

The price of SE is trading at $97.46 and will look for a breakout between $88.50 and $100. 

SE’s earnings missed estimates in all the trailing four quarters, delivering a negative earnings surprise of around 75% on average. That could put the support level under pressure if the trend continues. 

SE’s third-quarter performance is expected to have benefited from its core businesses, which include e-commerce (Shopee), digital financial services (SeaMoney), and entertainment (Garena). 

Sea expects Shopee to report positive earnings in the third quarter of 2024 due to its strong market share in Southeast Asia, improving ad revenue and logistics efficiency. 

The company has placed a recent importance on ad revenue, which is currently below the industry average. The company has already seen positive results, with a 20% year-over-year increase in sellers paying for ads in the second quarter of 2024. This improvement in ad monetization is expected to continue in the current quarter. 

SE is also expected to benefit from a demand for logistics operations, which adds to reduced order costs. This is likely to have improved customer experience, driven by the courier platform, SPX Express. 

Growing digital financial services to customers is likely to have added users and revenue growth in the quarter. SeaMoney’s loan book is expected to continue expanding, with more users and increasing loan sizes. The strong growth in consumer and SME credit businesses, particularly through Shopee, is expected to have contributed positively to Sea Limited’s revenue in the to-be-reported quarter. 

Free Fire’s continued popularity, with over 100 million daily active players, is expected to remain a significant revenue driver for the company and the launch of new games like Need for Speed: Mobile in different markets is expected to have further boosted the Digital Entertainment segment in the third quarter.

Recent News
Start Trading Now!

Try our demo account for free to learn trading. When you’re ready, switch to the live account and start trading for real.

Popular posts

ATFX

The Firm has taken the decision to cease providing services to retail clients, with immediate effect. We are therefore unable to accept any applications.

Services to professional clients will not be impacted. For professional applications please contact [email protected]

ATFX

Restrictions on Use

Products and Services on this website https://www.atfx.com/en-ae/ are not suitable
in your country. Such information and materials should not be regarded as or
constitute a distribution, an offer, or a solicitation to buy or sell any investments.
Please visit https://www.atfx.com/en/ to proceed.

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en/

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not available for Hong Kong investors and not related to any corporation licensed by the Securities and Futures Commission in Hong Kong.

All the information and materials posted on this website should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制:本網站的產品及服務不適用於香港投資者及與任何香港證監會持牌公司無關。

網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/