Sea Limited reported Q3 2024 revenue of US$4.3 billion, a 42.6% year-over-year increase, though the company recorded a net loss of US$127.7 million due to rising operating costs.
02
Adjusted EBITDA improved significantly to US$521.3 million, driven by profitability in digital financial services (US$187.9 million) and digital entertainment (US$314.4 million).
03
The e-commerce segment remains unprofitable but shows signs of recovery, achieving an adjusted EBITDA of US$34.4 million compared to a US$346.5 million loss in Q3 2023, alongside 12.8% quarter-over-quarter revenue growth.
04
Digital financial services growth was fueled by a 73.2% year-over-year increase in loans principal outstanding, while digital entertainment bookings rose 24.3%.
05
The company achieved positive adjusted EBITDA in both Asia and Brazil, with the latter market seeing a 40% year-over-year rise in active buyers.
06
Sea Limited’s digital entertainment division continues to rely on Free Fire, which maintains over 100 million daily active users and is currently expanding into new geographic regions.
Insights
01
Sea Limited reported Q3 2024 revenue of US$4.3 billion, a 42.6% year-over-year increase, though the company recorded a net loss of US$127.7 million due to rising operating costs.
02
Adjusted EBITDA improved significantly to US$521.3 million, driven by profitability in digital financial services (US$187.9 million) and digital entertainment (US$314.4 million).
03
The e-commerce segment remains unprofitable but shows signs of recovery, achieving an adjusted EBITDA of US$34.4 million compared to a US$346.5 million loss in Q3 2023, alongside 12.8% quarter-over-quarter revenue growth.
04
Digital financial services growth was fueled by a 73.2% year-over-year increase in loans principal outstanding, while digital entertainment bookings rose 24.3%.
05
The company achieved positive adjusted EBITDA in both Asia and Brazil, with the latter market seeing a 40% year-over-year rise in active buyers.
06
Sea Limited’s digital entertainment division continues to rely on Free Fire, which maintains over 100 million daily active users and is currently expanding into new geographic regions.