Good morning,
Today we are going be discussing the Q3 FY20 earnings report of Sea Limited, which they reported yesterday on the 17th November, and as this is one of my positions, we are going to be covering the earnings today.
Coverage of the year thus far:
Sea Limited had an outrageous Q2, and it looks like they had an equally impressive Q3. One thing to note here, that we touched upon in the Q2 report, is that Sea Limited have now ceased reported their figures on an adjusted basis, as per the request of the SEC.
The company remains unprofitable, but that is not a huge concern at this stage as management are plowing all resources into their task of domination south east Asia and expanding their operating units to capture market share. This quarter was a very interesting one.
Now let us unravel the performance of Q3.