On May 13, Sea Ltd rose 3.1% in pre-market trading, trading at approximately $98.97/share, with trading volume of $597,300. The stock continued its upward momentum following a 13.14% surge in the prior session.
On the news front, Sea Ltd reported Q1 GAAP total revenue of $7.097 billion, representing a 46.6% year-over-year increase and significantly exceeding the consensus estimate of $6.413 billion. Gross profit reached $3.1 billion, up 40.7% year-over-year, while net income came in at $438.2 million, a 6.7% increase. Consolidated adjusted EBITDA grew 9.3% to $1 billion. Across business segments, Shopee e-commerce revenue surged 45% year-over-year, SeaMoney loan volume expanded 70%, and Garena delivered its best quarterly performance since 2021. Quarterly active users rose to 667 million, with the paid user ratio climbing to 10.9%. The company reiterated its full-year guidance of 25% GMV growth and projected full-year adjusted EBITDA to be no less than the prior year in absolute terms. The broad-based recovery across all business lines and substantial revenue beat drove continued post-earnings buying interest.
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