SEA Ltd posted a net loss of US$433.7 mil in Q2, greater than the US$393.5 mil net lo

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SEA Ltd posted a net loss of US$433.7 mil in Q2, greater than the US$393.5 mil net lo

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18-08-2021, 12:00 AM

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SEA Ltd posted a net loss of US$433.7 mil in Q2, greater than the US$393.5 mil net lo

An honorable member of the Coffee Shop Has Just Posted the Following:

SEA Ltd, which owns e-commerce platform Shopee and game developer Garena, has plunged deeper into the red. The Singapore-based Internet company posted a net loss of US$433.7 million in the second quarter, greater than the US$393.5 million net loss recorded in the same period a year earlier.

Revenue, however, more than doubled to US$2.3 billion for the three months ended June 30, up 158.6 per cent from US$882 million in the previous year, driven by growth in its gaming and e-commerce arms...

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