Shopee-owner Sea tops quarterly revenue estimates

Reuters
2022.05.17 10:53
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May 17 (Reuters) - Singapore-based Sea Ltdbeat first-quarter revenue estimates on Tuesday, driven by improvements in its core e-commerce business. The New York-listed company said total revenue in the first quarter of 2022 rose 64.4% to $2.9 billion, above analysts’ estimate of $2.76 billion, according to Refinitiv IBES data.

May 17 (Reuters) - Singapore-based Sea Ltd (SE.N) beat first-quarter revenue estimates on Tuesday, driven by improvements in its core e-commerce business.

The New York-listed company said total revenue in the first quarter of 2022 rose 64.4% to $2.9 billion, above analysts’ estimate of $2.76 billion, according to Refinitiv IBES data.

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