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Sea's Q3 adjusted EBITDA loss more than doubles YoY, gaming growth cools

Sea's Q3 adjusted EBITDA loss more than doubles YoY, gaming growth cools

Photo: Sea Ltd.

NYSE-listed Sea Ltd announced on Tuesday that its adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) losses widened to $357.7 million in the third quarter of 2022, compared with $165.4 million a year ago. However, the adjusted EBITDA losses were lower than the $506.3 million clocked in Q2 2022.