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Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars
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Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars

  • November 12, 2024
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Sea Limited (SE) reported strong Q3 revenue growth of 30.8%, beating analyst estimates. However, EPS missed consensus. Digital Entertainment revenue declined while E-commerce and Digital Financial Services saw growth. SeaMoney expanded loan book and Garena’s success expected to continue. SE stock surged 153% YTD and is up 6.71% premarket.

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​Sea Limited (SE) reported strong Q3 revenue growth of 30.8%, beating analyst estimates. However, EPS missed consensus. Digital Entertainment revenue declined while E-commerce and Digital Financial Services saw growth. SeaMoney expanded loan book and Garena’s success expected to continue. SE stock surged 153% YTD and is up 6.71% premarket.
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