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How is Sea Limited doing in the market?
Sea Limited reported outstanding numbers for the second quarter. The company is performing well across the board, and management said that momentum remains strong in the third quarter. The company is outgrowing the competition in ecommerce, which is a massive growth driver going forward.
What are the latest numbers for sea limited?
Sea Limited ( SE) reported spectacularly strong numbers for the second quarter of 2020. Not only was revenue above expectations, but the company's different segments are also firing on all cylinders and profitability is moving in the right direction.
What is the investment thesis for sea limited?
A major driver in the investment thesis for Sea Limited is the company's ability to successfully expand into ecommerce over the long term. This is obviously a huge opportunity going forward, and the numbers for the second quarter are validating this thesis.
What was sea limited's revenue for the second quarter?
Sea Limited reported $1.29 billion in revenue during the second quarter, up 93.4% year-on-year versus $665.4 in the same quarter last year. The figure exceeded Wall Street expectations by $230 million. Gross profit grew 106.1% to $200.8 million, and the total adjusted EBITDA was $7.7 million compared to $-11 million in the same quarter last year.
Last Update: Oct 2021
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