BUZZ-Sea climbs after reporting upbeat quarterly revenue

Reuters08-12

** Shopee-owner Sea Ltd's SE.N U.S.-listed shares jumped 11.67% to $163.3 in premarket trading

** Company tops estimates for quarterly revenue, crediting strong consumer demand due to competitive pricing and improved customer experience

** Posts Q2 revenue of $5.26 bln vs estimates of $4.98 bln, according to data compiled by LSEG

** Co's e-commerce revenue rose 33.7% to $3.8 bln; gross merchandise value rose 28% to $29.8 bln

** Revenue for digital entertainment segment, that houses game developer Garena, jumped 28.4% to $559.1 mln

** Garena's - known for its mobile shooter game "Free Fire" - paid users rose 17.8%, bookings increased 23% in the June quarter

** Majority of brokerages rate the stock "buy" or higher; their median PT is $180

** Up to Monday's close, stock had risen 37.8% YTD

(Reporting by Nikhil Sharma)

((Nikhil.Sharma@thomsonreuters.com))

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gross merchandise value rose 28% to $29.8 bln** Revenue for digital entertainment segment, that houses game developer Garena, jumped 28.4% to $559.1 mln** Garena's - known for its mobile shooter game \"Free Fire\" - paid users rose 17.8%, bookings increased 23% in the June quarter** Majority of brokerages rate the stock \"buy\" or higher; their median PT is $180** Up to Monday's close, stock had risen 37.8% YTD (Reporting by Nikhil Sharma) ((Nikhil.Sharma@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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