Sea Ltd. (SE) Reports Q4 Revenues Beat; Provides FY20 Revenue Outlook
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Sea Limited Reports Fourth Quarter and Full Year 2019 Results
March 3, 2020 6:30 AM ESTSINGAPORE--(BUSINESS WIRE)--
Sea Limited (NYSE: SE) (Sea or the Company) today announced its financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter 2019 Highlights
Group Total adjusted revenue was US$909.1 million, up 133.5% year-on-year from US$389.3 million for the fourth quarter of 2018. Total gross profit was US$264.9 million, compared to US$(8.0) million for the fourth quarter of 2018. Total adjusted EBITDA was US$(104.9) million compared to US$(203.6) million for the fourth quarter of... More