Earnings Alerts

Sea (SE) Earnings: 2Q Adjusted EBITDA Surpasses Estimates with Strong Digital Entertainment Growth

  • Sea Ltd’s 2Q Adjusted EBITDA: $448.5 million (estimate: $397.4 million)
  • Digital Entertainment Adjusted EBITDA: $302.8 million (estimate: $270.2 million)
  • Digital Financial Services Adjusted EBITDA: $164.7 million (estimate: $156.4 million)
  • Growth in Digital Entertainment attributed to Garena’s strong quarter, driven by Free Fire’s more than 20% year-on-year increase in bookings
  • Analyst ratings: 28 buys, 9 holds, 1 sell

Sea on Smartkarma

Analyst coverage of Sea on Smartkarma reveals a mixed sentiment among top independent analysts. Joe Jasper maintains a bullish outlook, highlighting positive trends in the emerging markets and China leading to new multi-year highs for various indexes. Jasper recommends buys in communications, technology, discretionary, and miners. On the other hand, Oshadhi Kumarasiri adopts a bearish stance, emphasizing Sea’s struggles to achieve stable profitability due to marketing efficiency challenges and issues with improving gross margin.

Furthermore, analysts like Angus Mackintosh provide a more positive view, with insights on Sea Limited’s strong performance in e-commerce, digital financial services, and advertising contributions driving growth. Mackintosh’s analysis underscores the company’s focus on core competitiveness and scalability, pointing to improvements in key segments and a hopeful outlook for 2024 despite occasional setbacks. Overall, the analyst coverage on Smartkarma offers investors a diverse range of perspectives to consider when evaluating Sea Limited’s investment potential.


A look at Sea Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Sea Limited, a company that offers information technology services including online platforms for digital content, e-commerce, and payments, has garnered promising Smart Scores reflecting its long-term outlook. With a Growth score of 4, Sea is poised for strong expansion opportunities in the future. Its Resilience score of 5 indicates a healthy ability to weather market uncertainties and challenges, showcasing its stability. Additionally, the Momentum score of 5 suggests a positive trend in Sea’s performance that may continue. Although Sea scored lower in the Value and Dividend categories, the company’s overall outlook appears optimistic based on its robust growth potential, resilience, and market momentum.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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