Sea Group more than doubles quarterly revenue to $1.8b

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.

……

Read full article on Tech in Asia

Business