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Benzinga

Business

Anusuya Lahiri

Sea Ltd's Stock Tanks Post Q4 Results; Warns On Near Term Headwinds Impacting Digital Entertainment Business

SE Sea Sea Ltd NYSE

Sea Ltd (NYSE: SE) reported fourth-quarter FY21 revenue growth of 105.7% year-on-year to $3.22 billion, beating the consensus of $2.91 billion.

Digital Entertainment revenue increased 104.1% Y/Y to $1.4 billion, and bookings rose 6.8% Y/Y to $1.1 billion. The segment adjusted EBITDA was $602.6 million, compared to $663.5 million a year ago.

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