Sea Ltd. (SE) Misses Q3 EPS by 16c, Revenues Miss
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Sea Limited Reports Third Quarter 2020 Results
November 17, 2020 6:30 AM ESTSINGAPORE--(BUSINESS WIRE)-- Sea Limited (NYSE: SE) (Sea or the Company) today announced its financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights
Group Total GAAP revenue was US$1.2 billion, up 98.7% year-on-year. Total gross profit was US$407.6 million, up 100.6% year-on-year. Total adjusted EBITDA1 was US$120.4 million compared to US$(30.8) million for the third quarter of 2019. Digital Entertainment Bookings2 were US$944.7 million, up 109.5% year-on-year. Adjusted EBITDA1 was US$584.5 million, up 119.8%... More