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Sea Limited (NYSE:With) reported First Tax Trimester Results on Tuesday. The company’s quarterly revenue increased by 29.6% year -on -year to $ 4.84 billion, and did not lose the estimation of the Analyst’s consensus of $ 4.89 billion. 65 cents exceeded the Estimation of the consensus of analysts of 64 cents.
Digital entertainment The income increased by 8.2% year -on -year to $ 495.59 million. Reserves improved up to $ 775.4 million, 51.4% and year.
The tight ebitda of the segment was $ 458.2 million, 56.8% and/y. Quarterly active users were 661.8 million, 11.3% and year. Average reserves per user were $ 1.17 compared to 86 cents and/y.
Also read: Roblox Q1 reserves jump 31%, dice about 100 m, as the creator results reached high record
E -commerce And service income increased by 28.7% and up to $ 3.12 billion. Ebitda adjusted for the segment was $ 264.4 million against a loss of $ 21.7 million a year.
Basic market income grew by 39.2% and up to $ 2.4 billion. Dirty orders increased by 20.5% and/y. GMV was $ 28.6 billion, increasing 21.5% and/year.
Digital Financial Services Income grew by 57.6% and up to $ 787.12 million. The adjusted ebitda was $ 241.4 million, 62.4% and/year.
SEA generated an operating cash flow from the first quarter of $ 756.93 million and had $ 4.02 billion in cash and equivalent to March 31, 2025.
Sea remains confident in Achieving GMV orientation for a whole year around 20% while improving profitability.
Price action: Shares are traded 6.10% up to $ 151.15 on the last Tuesday check.
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This item Sea actions increase the sturdy growth of the first quarter of e -commerce, Fintech Originally appeared in Benzinga.com
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