Equinor and its partners have made a gas and condensate discovery in the Mistral South exploration well in the Halten area of the Norwegian Sea, and plan to develop the resources, the state-controlled company said on Wednesday.
Diversified Southeast Asian technology company Sea Limited (SE 7.14%) reported Q4 2024 earnings on Tuesday, March 4, that topped analysts' consensus expectations. Revenue of $4.95 billion beat the consensus of $4.65 billion while earnings per share (EPS) of $0.39 came in ahead of estimates of $0.30.
Shares of Sea popped a further ~5% after reporting Q4 results, prompting me to take my gains on my position and downgrade the stock to a sell rating. E-commerce faces intense competition from homegrown competition like Tokopedia, and the gaming segment's reliance on a few hit games is concerning. The gaming division, which continues to generate roughly double the profit of e-commerce, has lost active players two quarters in a row, while average revenue per player is also declining.
Sea Limited (NYSE:SE ) Q4 2024 Results Conference Call March 4, 2025 7:30 AM ET Company Participants Rebecca Lee - Investor Relations Forrest Li - Chairman & Chief Executive Officer Chris Feng - President Tony Hou - Chief Financial Officer Conference Call Participants Pang Vitt - Goldman Sachs Alicia Yap - Citigroup Divya Katyal - Morgan Stanley Piyush Choudhary - HSBC Sachin Salgaonkar - BofA Thomas Chong - Jefferies Operator Good morning and good evening to all, and welcome to the Sea Limited Fourth Quarter and Full Year 2024 Results Conference Call. [Operator Instructions] And finally, I'd like to advise all participants that this call is being recorded.
Although the revenue and EPS for Sea Limited (SE) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SE's fourth-quarter performance is likely to have benefited from strong Shopee and SeaMoney growth. Competition and FX volatility are expected to have hurt profitability.
Get a deeper insight into the potential performance of Sea Limited (SE) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Recently, Zacks.com users have been paying close attention to Sea Limited (SE). This makes it worthwhile to examine what the stock has in store.
Sea Limited (SE 3.51%) has been one of the most interesting tech companies to watch for the last few years.
Sea Limited reported strong Q3/24 results, with revenue up 30.8% YoY and a switch to operating income from a loss. E-commerce, Digital Financial Services, and Digital Entertainment segments show significant growth, particularly in revenue and user engagement. Intrinsic value calculations suggest Sea Limited can sustain high growth rates, justifying its current valuation and "Buy" rating.
Sea Limited Sponsored ADR (SE) closed the most recent trading day at $136.22, moving -1.73% from the previous trading session.
SE stock benefits from Shopee and Garena's growth, but its high valuation and rising competition suggest investors should wait for a favorable entry point.