Спонсоры

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

0
244

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
Спонсоры
Поиск
Спонсоры
Категории
Больше
Networking
《孤舟》:历史与现实的交织画卷
《孤舟》作为一部备受瞩目的国产剧,由才华横溢的导演林黎胜精心执导,定于2024年震撼上映,无疑为观众带来了一场视觉与心灵的双重盛宴。这部剧集以其独特的叙事风格、深邃的情感描绘以及错综复杂的剧情设...
От Abv 134 2024-08-29 03:46:25 0 3Кб
Sports
解鎖Tumi背包的無限可能:為你的旅行增添一抹時尚色彩
在繁忙的旅行世界裏,一款高品質的行李箱或背包不僅能夠提升旅行的便利性,還能成為旅途中的時尚配飾。Tumi,這個在高端旅行配件領域享有盛譽的品牌,以其精湛的工藝、卓越的品質和前瞻性的設計,贏得了全...
От Joe Zhou 2024-10-18 05:40:09 0 970
Art
Crate Training Your Pomeranian: Building Good Habits Early
With regards to their fox-like deals with, downy layers, in addition to dazzling and vibrant...
От Recicev Recicev 2024-10-30 06:33:59 0 802
Networking
iPhone 18 sẽ có cảm biến camera mới, cung cấp bởi một cái tên quá đỗi quen thuộc
Cảm biến camera trên iPhone 18 sẽ được cung cấp bởi nhiều nhà sản xuất, thay...
От Crazy Robot 2024-07-26 18:08:50 1 12Кб
Другое
《哈尔滨一九四四》:谍影重重下的历史回响
 ...
От King Seven 2024-09-07 03:16:36 0 2Кб