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Sea Limited (SE) Q3 2024 Earnings Call Transcript

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Sea Limited (NYSE:SE) Q3 2024 Earnings Conference Call November 12, 2024 7:30 AM ET

Company Participants

M.C. Koh – Director, IR
Forrest Li – Founder, Chairman & CEO
Tony Hou – CFO

Conference Call Participants

Pang Vitt – Goldman Sachs

Alicia Yap – Citigroup

John Choi – Daiwa

Thomas Chong – Jefferies

Divya Kothiyal – Morgan Stanley

Rishabh Dhancholia – HSBC

Ranjan Sharma – JPMorgan

Sachin Salgaonkar – Bank of America Merrill Lynch

Jiong Shao – Barclays

Operator

Good morning and good evening to all, and welcome to the Sea Limited Third Quarter 2024 Results Conference Call. [Operator Instructions] And finally, I’d like to advise all participants that this call is being recorded. I would now like to welcome Mr. M.C. Koh to begin the conference. Please go ahead.

M.C. Koh

Hello, everyone, and welcome to Sea’s 2024 Third Quarter Earnings Conference Call. I am M.C., Sea’s Investor Relations Director. On this call, we may make forward-looking statements, which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release.

Also, this call includes the discussion of certain non-GAAP financial measures such as adjusted EBITDA. We believe these measures can enhance our investors’ understanding of the actual cash flows of our major businesses when used as a complement to our GAAP disclosures.

For a discussion of the use of non-GAAP financial measures and reconciliation with the closest GAAP measures, please refer to the section on non-GAAP financial measures in our press release.

I have with me Sea’s Chairman and Chief Executive Officer, Forrest Li; President, Chris Feng; and Chief Financial Officer, Tony Hou. Our management will share strategy and business updates, operating highlights and financial performance for the third quarter of 2024. This will be followed by a Q&A session, in which we welcome any questions

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