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Sea Ltd. E-commerce Soars Past Estimates
11 Aug
Summary
- Second-quarter revenue surged 48% to $7.8 billion, exceeding analyst expectations.
- Adjusted EBITDA saw an 11% increase, reaching $917 million.
- E-commerce earnings forecast raised after strong quarterly sales performance.
Sea Ltd. announced robust financial results for its second quarter, with company-wide revenue jumping 48% to $7.8 billion. This figure exceeded the average analyst estimate of $7.1 billion. The company also reported an 11% increase in adjusted EBITDA, which reached $917 million.
Buoyed by these strong second-quarter sales, particularly within its e-commerce division, Sea Ltd. has now elevated its earnings forecast for this segment. This upward revision suggests continued confidence in the growth trajectory and profitability of its online retail operations.
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