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Sea Limited ($SE) Reports Strong Q2 Growth with 38% Revenue Surge
Sea Limited ($SE) Reports Strong Q2 Growth with 38% Revenue Surge
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BTCCSquare news:
Sea Limited's shares soared 19.72% to $175.07 following its Q2 earnings release, as the company posted a 38.2% year-over-year revenue increase to $5.3 billion, surpassing analyst expectations. While diluted EPS of $0.65 missed estimates, robust performance across e-commerce, digital entertainment, and digital financial services drove investor optimism.
Shopee, Sea's e-commerce arm, achieved $29.8 billion in GMV—a 28.2% YoY increase—while solidifying its position as Brazil's market leader by order volume. Garena's bookings grew 23.2%, prompting raised full-year guidance. The company's gross profit surged 52.1% to $2.4 billion, demonstrating improved operational efficiency.
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