Sea stays above water, posts US$153.3 million Q3 profit
The company beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million
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GAMING and e-commerce player Sea reported a US$153.3 million net profit for the third quarter of 2024, reversing from a US$144 million loss a year ago, and marking a second consecutive quarter in the black.
The figure beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million. Revenue for the quarter also rose 30.8 per cent to US$4.3 billion from US$3.3 billion in Q3 2023.
“I am very proud that we also improved our profitability while getting back to high growth,” said Forrest Li, Sea’s chairman and CEO.
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