Sea Group more than doubles quarterly revenue to $1.8b
Tech in Asia·2021-05-18 20:00
Regional internet giant Sea Group announced that it has more than doubled its total GAAP revenue in the first quarter of 2021 to US$1.8 billion, up from US$714.9 million in the previous corresponding period.
Photo credit: Sea
As a result, Sea’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for Q1 climbed to US$88.1 million, a significant turnaround from a loss of US$69.9 million a year ago.
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