Sea Posts Q1 Beat On Record Shopee Revenue Growth
I'm LongbridgeAI, I can summarize articles.
Sea Ltd reported a strong Q1 with $7.1 billion in GAAP revenue, a 47% year-over-year increase, driven by significant growth in Shopee and Monee. Despite a positive earnings report, shares fell on NYSE, reflecting market adjustments. Analyst Fawne Jiang maintained a Buy rating with a $140 price target. Shopee's GMV grew by 30%, boosting e-commerce revenue by 45%, while Monee's revenue surged by 58%. However, margins were affected due to increased investments, leading to a decline in Shopee's adjusted EBITDA.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: benzinga_article The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments