Sea Ltd - ADR

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Sea Limited Reports Third Quarter 2020 Results

Published: 11/17/2020 11:46 GMT
Sea Ltd (SE) - Sea Limited Reports Third Quarter 2020 Results.
Q3 Revenue $1.212 Billion Versus Refinitiv Ibes Estimate of $1.09 Billion.
Raising the Guidance for Both Digital Entertainment and E-commerce for the Full Year of 2020.
Qtrly Qtrly Digital Entertainment Active Users Reached 572.4 Million, Up 78.3% Year-on-year.
Expect 2020 Bookings for Digital Entertainment to Exceed Us$3.1 Billion, Representing Over 75.4% Growth From 2019.
Qtrly Loss per Share $0.69.
Expect 2020 GAAP Revenue Plus Sales Incentives Net-off for E-commerce to Exceed Us$2.3 Billion.
Qtrly Digital Entertainment GAAP Revenue Was Us$569.0 Million, Up 72.9% Year-on-year.
Qtrly E-commerce Revenue Was $618.7 Million, Up 173.3% Year-on-year.