Sea Limited Beats Q4 Revenue Expectations, Eyes Positive EBITDA for Shopee in Second Half
Portfolio Pulse from Anusuya Lahiri
Sea Limited (NYSE:SE) reported a Q4 fiscal 2023 revenue of $3.62 billion, a 4.8% increase Y/Y, surpassing expectations. Despite a loss per share of $(0.19), it beat the consensus of $(0.25). Digital Entertainment revenue fell by 46.2% Y/Y, while E-commerce and other services saw a 24.2% increase. The company achieved its first full year of annual profit since IPO and expects Shopee's adjusted EBITDA to turn positive in H2. SE shares rose 7.23% to $54.74. FMQQ and FDCF ETFs offer exposure to SE.
March 04, 2024 | 2:54 pm
News sentiment analysis
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POSITIVE IMPACT
FDCF ETF, holding Sea Limited, may experience positive impacts from SE's Q4 earnings beat and optimistic future projections.
Given FDCF's exposure to Sea Limited, the company's strong Q4 performance and positive future expectations are likely to have a favorable impact on FDCF's short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
FMQQ ETF, which offers exposure to Sea Limited, may see positive movement due to SE's strong Q4 performance and optimistic outlook.
As FMQQ includes Sea Limited in its holdings, the positive performance and outlook of SE are likely to positively influence FMQQ's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Sea Limited reported strong Q4 fiscal 2023 results with revenue growth and a positive outlook for Shopee, leading to a 7.23% increase in stock price.
The positive earnings report and the optimistic outlook for Shopee's profitability are likely to boost investor confidence in SE, contributing to the stock's short-term upward movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100