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12.05.26 - 13:01
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Sea Ltd Announces Increase In Q1 Profit (AFX)
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SINGAPUR (dpa-AFX) - Sea Ltd (SE) reported a profit for its first quarter that Increased, from the same period last yearThe company's earnings came in at $427.93 million, or $0.67 per share. This ......
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12.05.26 - 12:36
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Sea Limited Reports First Quarter 2026 Results (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the first quarter ended March 31, 2026.
In the first quarter of 2026, Sea's GAAP revenue was US$7.1 billion, up 46.6% year-on-year. The Company also achieved gross profit of US$3.1 billion, up 40.7% year-on-year, and net income of US$438.2 million, up 6.7% year-on-year. Adjusted EBITDA1 increased by 9.3% year-on-year to reach US$1.0 billion.
“We have had a strong start to the year. 2026 is a year where we are leaning in to deepen our competitive moats, while maintaining financial discipline. Our strong revenue growth reflects the effectiveness of these investments, and we are already seeing unit economics start to improve for some of these initiatives. We believe this is the right approach to maximize long-term value, given the significant runway for growth still ahead of us in our markets,” said Forrest Li, Sea's Chairman and Chief Executive Officer.
On Shopee, he said, “S...
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