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Sea Limited reported third-quarter revenues of $4.3 billion, marking a 38.3% year-over-year increase, primarily driven by its e-commerce and digital financial services segments. Despite this top-line growth, the company’s earnings per share were 78 cents, falling short of the consensus estimate by 24.27%. The performance of Shopee, Monee, and Garena underlines the company’s potential, with e-commerce revenues rising 35% and Monee’s segment revenues surging 61% year-over-year.
Shopee’s Gross Merchandise Value (GMV) increased by 28.4%, with management projecting more than 25% GMV growth for 2025. Additionally, Garena saw bookings grow by 51.1% year-over-year, further stabilizing the company’s overall performance. As of now, Sea Limited’s shares have increased by 37.1% year-to-date, significantly outpacing the broader market indicators.
However, heightened competition from JD.com in Southeast Asia and MercadoLibre in Latin America could pose challenges. Analysts currently indicate a Zacks Rank #3 (Hold) for the stock, suggesting a cautious approach as the company navigates its competitive landscape while maintaining strong long-term growth prospects.
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