Sea Limited (SE) reported earnings on Wed 22 May 19 (b/o)

** charts before earnings **

** charts after earnings **

Sea Limited misses by $1.10, beats on revs; says well placed to meet or even beat 2019 digital business guidance 

• Reports Q1 (Mar) GAAP loss of $1.86 per share, $1.10 worse than the S&P Capital IQ GAAP Consensus of ($0.76); revenues rose 193.8% year/year to $578.82 mln vs the $436.74 mln S&P Capital IQ Consensus.
• Total adjusted EBITDA was US$(32.0) million, compared to US$(144.7) million for the first quarter of 2018 and US$(203.6) million for the fourth quarter of 2018.
• Outlook Commentary: Last quarter, we provided adjusted revenue guidance for our digital entertainment business of 1.2 to 1.3 billion dollars for the full year of 2019. This represents 81.5% to 96.7% growth year-on-year, which is a highly ambitious goal for the size of our business by any measure. Still, we are confident that we are well placed to meet or even beat this ambitious target. We may choose to revise our full-year Digital Entertainment guidance upwards next quarter when we have more data.