• Sea average ebitda margin for 2023 was 0.42%, a 102.58% decline from 2022.
• Sea average ebitda margin for 2022 was -16.3%, a 17.64% decline from 2021.
• Sea average ebitda margin for 2021 was -19.79%, a 53.3% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.