$SE
Misses on EPS (what's new?😄) But EBITDA beats expectations of $28.1M by almost $100M at $120.4M.

Beats slightly on revenue ($1.212B vs $1.2B consensus), up 98.7% YoY.
But the most impressive part? Guidance, wow! (1/3)
$SE
Guidance for FY 2020 raised incredibly. 🚀🚀🚀

For Garena, Sea projects 5.4% YoY growth, which is 59% higher than its previous guidance.

For Shopee, Sea sees 144% growth YoY, more than 31% from the midpoint of the previous guidance.

Beast! (2/3)
Just one remark, some sites give a revenue miss, that's false. Sea used to report adjusted revenue. If you look at that, it beats the consensus. But it stopped using this, now it's non-adjusted and there Sea beats the consensus. (3/3)
If you prefer it visually, that's also possible.
You can follow @FromValue.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.