Sea Limited (NYSE:SE) Q4 2023 Earnings Conference Call March 4, 2024 7:30 AM ET
Company Participants
Minju Song - Senior Manager, Group Chief Corporate Officer’s Office
Forrest Li - Chairman & Group CEO
Tony Hou - Group CFO
Conference Call Participants
Pang Vittayaamnuaykoon - Goldman Sachs
Navin Killa - UBS
Alicia Yap - Citi Group
Piyush Choudhary - HSBC
Thomas Chong - Jefferies
Sachin Salgaonkar - Bank of America
Jiong Shao - Barclays
Ranjan Sharma - JPMorgan, Singapore
Elly Zhang - Macquarie
Operator
Good morning, and good evening to all, and welcome to the Sea Limited Fourth Quarter and Full Year 2023 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] And finally, I would like to advise all participants that, this call is being recorded. Thank you.
I’d now like to welcome Miss. Minju Song to begin the conference. Please go ahead.
Minju Song
Thank you, and hello, everyone, and welcome to Sea’s 2023 fourth quarter and full year earnings conference call. I’m Minju Song, from Sea’s Chief Corporate Officer’s Office. Before we continue, I would like to remind you that 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, Chief Financial Officer, Tony Hou, and Chief Corporate Officer, Yanjun Wang. Our management will share strategy and business updates, operating highlights, and financial performance for the fourth quarter and full year of 2023. This will be followed by a Q&A session in which we welcome any questions you have.
With that, let me turn the call over to Forrest.
Forrest Li
Hello, everyone, and thank you for joining today’s call. I am happy to share that we have achieved our first full year of annual profit since our IPO. In 2023, we achieved profitability, strengthened our market leadership for our e-commerce business, grew our digital financial services business, and stabilized the performance of our digital entertainment business.