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Shopee-owner Sea tops quarterly revenue estimates

05/17/2022

Less than a minute

2022.05.17 13:55

Shopee-owner Sea tops quarterly revenue estimates
FILE PHOTO: A lanyard showing logos of Southeast Asian e-commerce and gaming group Sea Ltd is pictured at its office in Singapore, March 5, 2021. REUTERS/Edgar Su/

(Reuters) – Singapore-based Sea Ltd beat first-quarter revenue estimates on Tuesday, driven by improvements in its core e-commerce business.

The New York-listed company said total revenue in the first quarter of 2022 rose 64.4% to $2.9 billion, above analysts’ estimate of $2.76 billion, according to Refinitiv IBES data.

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05/17/2022

Less than a minute