Sea Limited Reports First Quarter 2020 Results

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Go back to Sea Limited Reports First Quarter 2020 Results

Sea Ltd. (SE) Misses Q1 EPS by 20c, Revenues Miss

May 18, 2020 6:32 AM EDT

Sea Ltd. (NYSE: SE) reported Q1 EPS of ($0.52), $0.20 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $913.9 million versus the consensus estimate of $915.42 million.

First Quarter 2020 Highlights

Basic and diluted loss per share based on net loss excluding share-based compensation and changes in fair value of the 2017 convertible notes, was US$0.52 and US$0.64 in the first quarter of 2020 and 2019, respectively.

Group

Total adjusted revenue was US$913.9 million, up 57.9% year-on-year from US$578.8 million for the first quarter of 2019.Total gross profit was US$206.8 million, up 424.1%... More