SE - Sea Limited Beats Q4 Revenue Expectations Eyes Positive EBITDA for Shopee in Second Half | Benzinga
Sea Limited (NYSE:SE) reported fourth-quarter fiscal 2023 revenue growth of 4.8% year-on-year to $3.62 billion, beating the consensus of $3.55 billion.
EPS loss of $(0.19), down from $0.72 Y/Y, beat the consensus of $(0.25). The stock price climbed after the results.
Digital Entertainment revenue decreased 46.2% Y/Y to $510.77 million, and bookings improved to $456.3 million, up 1.9% quarter-on-quarter. The segment’s adjusted EBITDA was $217.4 million, compared to $234.0 million in the previous quarter.
Quarterly active users were 528.7 million, ...