Sea Limited tops quarterly revenue estimates on Shopee growth
SE Sea Ltd ADR
$114.80 +1.21%
View chart & analysis → - 1Sea Limited (SE) posted quarterly revenue of $7.79 billion for the quarter ended June 30, beating the analyst consensus of $7.06 billion.
- 2E-commerce, its largest segment, climbed 48.9% year-on-year to $4.93 billion, while digital financial services rose 58.9% to $1.40 billion.
- 3Shopee-led e-commerce growth and demand for financial services drove the results, and the US-listed shares gained 7.6% in premarket trading.
This 3-line summary is compiled from the report below.
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