Sea Limited Reports First Quarter 2019 Results
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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seagroup.com/investor/home
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Source: Business Wire
SINGAPORE--(BUSINESS WIRE)-- Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced its financial results for the quarter ended March 31, 2019. First Quarter 2019 Highlights Group Total adjusted revenue was US$578.8 million, up 193.8% year-on-year from US$197.0 million for the first quarter of 2018 and up 48.7% quarter-on-quarter from US$389.3 million for the fourth quarter of 2018. Total adjusted EBITDA was US$(32.0) million, compared to US$(144.7) million for the first quarter of 2018 and US$(203.6) million for the fourth quarter of 2018. Digital Entertainment Adjusted revenue was US$393.3 million, up 169.3% year-on-year from US$146.0 million for the first quarter of 2018 and an increase of 70.0% quarter-on-quarter from US$231.
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- Sea Limited (NYSE: SE) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $70.00 price target on the stock, up previously from $65.00.MarketBeat
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