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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.33B | 14% |
| Gross Profit | 1.86B | 17.7% |
| Cost of Revenue | 2.47B | 11.3% |
| Operating expense | 1.66B | 7.7% |
| Net Income | 153M | 87.8% |
| EBITDA | 202M | 18.3% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 21.7B | 10.8% |
| Total Liabilities | 13.7B | 8.4% |
| Total Equity | 7.92B | 15.3% |
| Shares Outstanding | 639M | 11.2% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.17B | 89.4% |
| Cash from financing | 558M | 129.9% |
EPS
Financial Highlights for Sea Limited in Q3 '24
Sea Limited reported a revenue of 4.33B, which is a 14% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.86B, marking a 17.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.47B, a 11.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.66B, showing a 7.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 153M, showing a 87.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 202M, showing a -18.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Sea Limited with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
