Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Sea Limited
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==== Most recent quarter ==== Sea Limited released its 2Q23 results in June 2023<ref><nowiki>https://www.sea.com/investor/quarterlyresults</nowiki></ref>, the most notable of which contained in the table below. The company reported just a 5.2% raise in overall revenues, which is mostly due to a 41.1% steep decline in Garena's revenues. The company attributed that to moderation in user engagement and monetization year-on-year, which is likely related to India's ban of Free Fire, Garena's most profitable game, in 2022. Free Fire was the second most downloadable app in India, and had the highest consumer spend.<ref>Free Fire Revenue and Usage Statistics (2023) - Business of Apps</ref> Despite the small increase in overall revenue, the company made a significant cut on operating expenses as it reported a 49.3% decrease in sales and marketing expenses and 23.6% decrease in R&D expenses, which resulted in the company turning profitable after many years of reporting losses. {| class="wikitable" ! ! colspan="2" |For the Three Months ended June 30, ! |- ! !2022 !2023 !YOY% |- |Digital Entertainment Revenue ($thousands) |900,258 |529,397 | -41.20% |- |E-commerce and other services revenue ($thousands) |1,755,686 |2,322,496 |32.30% |- |Sales of goods ($thousands) |286,655 |243,767 | -15% |- |'''Total Revenue ($thousands)''' |'''2,942,599''' |'''3,095,660''' |'''5.20%''' |- |'''Gross Profit ($thousands)''' |'''1,090,218''' |'''1,450,878''' |'''33.10%''' |- | colspan="2" |'''Operating expenses''' | | |- |Sales and marketing ($thousands) | -973,767 | -493,601 | -49.30% |- |General and admin. ($thousands) | -364,447 | -295,169 | -19% |- |Research and development ($thousands) | -370,926 | -283,297 | -23.60% |- |Other ($thousands) | -3,636,054 | -2,239,132 | |- |'''Total operating expenses ($thousands)''' |'''-1,926,914''' |'''-1,167,065''' |'''-39.40%''' |- |'''Net income/loss ($thousands)''' |'''-931,199''' |'''330,983''' |'''-135.50%''' |}
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)