Sea Ltd. (SE) Misses Q1 EPS by 16c, Revenues Miss
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Sea Limited Reports First Quarter 2021 Results
May 18, 2021 6:30 AM EDTSINGAPORE--(BUSINESS WIRE)-- Sea Limited (NYSE: SE) (Sea or the Company) today announced its financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Group Total GAAP revenue was US$1.8 billion, up 146.7% year-on-year. Total gross profit was US$645.4 million, up 212.1% year-on-year. Total adjusted EBITDA1 was US$88.1 million compared to US$(69.9) million for the first quarter of 2020. Digital Entertainment Bookings2 were US$1.1 billion, up 117.4% year-on-year. Adjusted EBITDA1 was US$717.3 million, up 140.4%... More