SEA Limited's Comeback

Sea Limited is on a roll. The company's revenue for July to September 2024 beat expectations. They brought in a GAAP revenue of $4.33 billion, which is 31% higher compared to last year.

Now, here are the key numbers you need to know:

• Revenue: Hit $4.33 billion, which is 31% more than what they made during the same time in 2023.

• Net Income: They turned things around, making $153.3 million, compared to a $144 million loss last year. That's a big leap in profitability.

• Profit Margin: They've got a margin of 3.5% now, a significant change from previously being in the red.

• Adjusted EBITDA: Reached $521.3 million — a clear indicator of their strong performance across all areas.

_{(EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization)}

Shopee, their e-commerce wing, played a major part in this success. It raked in $3.2 billion in revenue for Q3 2024, marking a 43% increase from the previous year.

Shopee also turned its profitability around with an adjusted EBITDA of $34.4 million, from a loss of $346 million the year before.

Their digital financial services weren't lagging either, with a 38% jump bringing in $615.7 million in revenue. Much of this was driven by their consumer and small- to medium-sized enterprise (SME) loans, which grew significantly by 73.2%, reaching $4.6 billion in outstanding loans.

Sea Limited's financial success underscores its high growth and enhanced profitability across various sectors.