Sponsorizzato

Singapore’s Sea revenue up 30.8 pct on year in third quarter

0
203

Singapore’s consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth.

The firm said in a statement that its total gross profit for the quarter was $1.9 billion, also up 29.1 percent year-on-year.

Its total net income was $153.3 million, as compared to total net loss of $144 million a year ago.

Its total adjusted earnings before interest, tax, depreciation, amortization (EBITDA) was $521.3 million, as compared to $35.3 million a year earlier.

“…it has been another solid quarter. We are seeing high growth across all our three businesses,” said Forrest Li, Sea’s Chairman and Chief Executive Officer.

He said Shopee is on track to deliver its full year guidance of mid-twenties year-on-year gross merchandise value (GMV) growth.

“SeaMoney’s loan book grew by over 70 percent year-on-year this quarter, while maintaining a stable non-performing loans (NPL) ratio,

“And for Garena, we now expect Free Fire’s full year bookings to grow over 30 percent year-on-year,” he added.

On profitability, he said the firm has also improved its profitability while getting back to high growth.

“This quarter, Shopee achieved positive adjusted EBITDA, in both Asia and Brazil,

“As we continue to focus on delivering growth, we expect Shopee to remain profitable going forward,” he added.

The firm’s e-commerce segment GMV was $25.1 billion for the quarter, increasing by 25.2 percent year-on-year.

The segment’s revenue was $3.2 billion, up 42.6 percent year-on-year.

Its core marketplace revenue, mainly consisting of transaction-based fees and advertising revenues, was up 49.3 percent year-on-year to $2 billion.

Its value-added services revenue, mainly consisting of revenues related to logistics services, was up 29.4 percent year-on-year to $767.2 million.

The segment’s adjusted EBITDA was $34.4 million, as compared to a loss before interest, tax, depreciation, amortization of $346.5 million a year ago.

Asia markets recorded adjusted EBITDA of $30.9 million, as compared to a loss of $306.2 million a year ago.

Other markets also achieved positive adjusted EBITDA of $3.5 million, as compared to a loss of $40.3 million a year earlier.

As for digital financial services, its revenue went up 38 percent year on year to $615.7 million.

The segment’s adjusted EBITDA was $187.9 million, up 13.4 percent year-on-year.

The growth in digital financial services revenue and operating income are primarily attributed to the consumer and small and medium-sized enterprise (SME) credit business.

The firm’s digital entertainment revenue, however, fell to $497.8 million in the third quarter, from $592.2 million a year ago.

Its adjusted EBITDA was $314.4 million, up 34.4 percent year-on-year.

 

#SeaLimited #EcommerceGrowth #Shopee #SeaMoney #DigitalFinancialServices #Ifvex

Like
1
Sponsorizzato
Cerca
Sponsorizzato
Categorie
Leggi tutto
Shopping
《错位》一部充满悬疑与惊悚的电视剧
肥猫TV电视剧《错位》在秦江市这座繁华与复杂并存的城市中缓缓展开,一桩震惊全城的独居女性被害案如同一道阴云,笼罩在了城中村的上空。案件发生后,警方迅速介入,而经验丰富的刑警队长姜光明临危受命,成...
By Si123 Luo 2024-09-03 05:56:08 0 3K
Home
Successful Interaction, Simplified: Steer DLT with Our Service
Improve Your Messaging: Simplify DLT Enrollment with Our Bulk SMS Service In the current...
By Ahmed Ali 2024-11-03 09:01:21 0 497
Giochi
화성 사무소의 마사지: 전화로 간편하게 예약하기
화성 사무소의 스웨디시 마사지 예약 방법 화성 사무소에서는 고객의 편의를 최우선으로 고려하여 스웨디시 마사지와 아로마 테라피 마사지 예약을 간편하게 진행할 수 있는 시스템을...
By Ahmed Ali 2024-10-28 07:34:36 0 555
Art
Finding the Best Deals on Agricultural Machinery
When in the market for agricultural machinery, navigating the myriad of options to secure the...
By Recicev Recicev 2024-11-12 06:28:07 0 95
Shopping
Daniel Wellington 手錶的優雅與魅力:流行趨勢與購買指南
在現代時尚潮流中,腕錶不僅僅是壹個計時工具,更是展現個性和品位的時尚配件。其中,來自瑞典的知名品牌 Daniel Wellington(簡稱...
By Lin Mma 2024-10-28 07:07:39 0 723