Sea's Adjusted Ebitda Set to Surge -- Market Talk

Dow Jones
2024-11-14

0328 GMT - Sea Ltd.'s adjusted Ebitda is projected to surge by more than threefold to US$3.9 billion in 2026 from US$1.2 billion in 2023, HSBC Global Research analysts say in a note. One driver is improvement in its Shopee e-commerce platform's unit economics, led by factors including higher take rates and greater advertising revenue, the analysts say. Another driver is its SeaMoney's projected Ebitda CAGR of around 22% over 2023-2026, driven by an increasing loan book, expanding user base and growing cash loans at the digital financial-services provider. HSBC raises the target price on Sea's American depositary shares to US$122.00 from US$114.00 with an unchanged buy rating. The ADSs closed 2.5% lower at US$104.96 on Wednesday. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

November 13, 2024 22:28 ET (03:28 GMT)

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