sea group earnings

Mar

Sea hits profitability milestone

It’s been a long road to reach this point but Sea has finally done it: The Singapore-based company recorded its first full year of profitability in 2023. Net income was US$163 million, while revenue reached US$13 billion, up 5% from 2022. However, Sea owed its profitability more to its performance…

Aug

Asia Banking Research

What has Sea got to lose? US$433.7 million

Sea Group just can’t lose when it comes to investor sentiment, even though the company’s losses widened on an annual basis to US$433.7 million in the second quarter from US$393.5 million a year earlier. The day before it reported Q2 earnings, Sea’s share price was about US$291 and as of…

May

Asia Banking Research

No great loss: Sea Group has a cracking Q1

It never felt so good to lose US$422 million. Just ask Sea Group. Southeast Asia’s most valuable listed company indeed went deeper into the red in the first quarter, but its revenue also grew 147% year-on-year to US$1.76 billion. Investors like what they see. Sea’s stock price has risen almost…

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