Sea Ltd (SE) has released an update.
Sea Ltd has started 2024 on a high note with significant growth across all its business segments, including record-breaking performance from its e-commerce platform Shopee, continued momentum in its digital financial services SeaMoney, and a return to positive growth for its digital entertainment arm led by the popular game Free Fire. The company reported a 22.8% increase in GAAP revenue to $3.7 billion and a gross profit rise of 9.7% to $1.6 billion in Q1, despite a net loss of $23 million.
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