Sea Ltd. (SE) PT Raised to $177 at Jefferies Following EPS

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Go back to Sea Ltd. (SE) PT Raised to $177 at Jefferies Following EPS

Sea Limited Reports Second Quarter 2020 Results

August 18, 2020 6:30 AM EDT

SINGAPORE--(BUSINESS WIRE)-- Sea Limited (NYSE: SE) (Sea or the Company) today announced its financial results for the second quarter ended June 30, 2020.

Second Quarter 2020 Highlights

Group Total adjusted revenue was US$1,287.2 million, up 93.4% year-on-year from US$665.4 million for the second quarter of 2019. Total gross profit was US$200.8 million, up 106.1% year-on-year from US$97.4 million for the second quarter of 2019. Total adjusted EBITDA was US$7.7 million compared to US$(11.0) million for the second quarter of 2019. Digital... More