Sea Ltd. (SE) Misses Q1 EPS by 16c, Revenues Miss

Sea Ltd. (NYSE: SE) reported Q1 EPS of ($0.62), $0.16 worse than the analyst estimate of ($0.46). Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.81 billion.

• Basic and diluted loss per share based on net loss excluding share-based compensation, was US$0.62 and US$0.52 in the first quarter of 2021 and 2020, respectively.
• 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.

For earnings history and earnings-related data on Sea Ltd. (SE) click here.

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