Sea climbs after reporting upbeat quarterly revenue

Sea

12/08/2025 13:45

** Shopee-owner Sea Ltd's SE.N U.S.-listed shares jumped 11.67% to $163.3 in premarket trading

** Company tops estimates for quarterly revenue, crediting strong consumer demand due to competitive pricing and improved customer experience

** Posts Q2 revenue of $5.26 bln vs estimates of $4.98 bln, according to data compiled by LSEG

** Co's e-commerce revenue rose 33.7% to $3.8 bln; gross merchandise value rose 28% to $29.8 bln

** Revenue for digital entertainment segment, that houses game developer Garena, jumped 28.4% to $559.1 mln

** Garena's - known for its mobile shooter game "Free Fire" - paid users rose 17.8%, bookings increased 23% in the June quarter

** Majority of brokerages rate the stock "buy" or higher; their median PT is $180

** Up to Monday's close, stock had risen 37.8% YTD

 (Reporting by Nikhil Sharma)

 ((Nikhil.Sharma@thomsonreuters.com))