Shopee-owner Sea tops quarterly revenue estimates -Breaking
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© Reuters. FILE PHOTO – A lanyard with logos from Southeast Asian gaming and ecommerce group Sea Ltd can be seen at the office of Sea Ltd in Singapore on March 5, 2021. REUTERS/Edgar Su/(Reuters) – Singapore’s Sea Ltd beat estimates for its first quarter revenues on Tuesday due to gains in its core ecommerce operations.
According to Refinitiv IBES data, the company, which is listed in New York, reported that total revenue for the first quarter 2022 was $2.9 billion. This figure surpasses analysts’ estimates of $2.76 trillion.
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