Sea Ltd. (SE) PT Raised to $150 at Cowen; Sees Strong Q2 Results

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Go back to Sea Ltd. (SE) PT Raised to $150 at Cowen; Sees Strong Q2 Results

Sea Ltd. (SE) Misses Q2 EPS by 26c, Revenues Beat

August 18, 2020 6:32 AM EDT

Sea Ltd. (NYSE: SE) reported Q2 EPS of ($0.68), $0.26 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.06 billion.

Second Quarter 2020 Highlights

Group

Total adjusted revenue was US$1,287.2 million, up 93.4% year-on-year from US$665.4 million for the second quarter of 2019.Total gross profit was US$200.8 million, up 106.1% year-on-year from US$97.4 million for the second quarter of 2019.Total adjusted EBITDA was US$7.7 million compared to US$(11.0) million for the second quarter of 2019.

Digital Entertainment

Adjusted revenue was US$716.2 million, up 61.6% year-on-year from... More