Sea Limited (NYSE: SE) reported better-than-expected sales results for its fourth quarter on Monday.
Sea posted a quarterly loss of 19 cents per share, versus a year-ago profit of 72 cents per share. The company’s quarterly sales came in at $3.62 billion, topping market estimates of $3.53 billion, according to data from Benzinga Pro.
Quarterly active users were 528.7 million, compared to 544.1 million in the prior quarter. Average bookings per user were $0.86, which increased 4.8% quarter-on-quarter. Core marketplace revenue grew 40.6% Y/Y. Gross orders rose 46.0% Y/Y and 13.4% quarter-on-quarter.
“I am happy to share that we have achieved our first full year of annual profit since our IPO,” …
Leave a Reply