SE•Sea Limited's third-quarter revenue rose 43% year over year to $8.60 billion, beating the $8.05 billion estimate, while net income increased 34% to $502.50 million. The company approved an additional $1 billion share repurchase authorization.
Sea Limited reported third-quarter revenue of $8.60 billion, up 43% year over year and above the $8.05 billion analyst consensus. Net income rose 34% to $502.50 million; the company also approved an additional $1 billion share repurchase authorization.
Shopee revenue increased on higher gross merchandise value and improved monetization. Monee revenue grew with consumer and SME lending, while Garena revenue rose on higher active users and increased paying-user penetration.
