Sea Limited Reports Second Quarter 2018 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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Source: Business Wire
SINGAPORE--(BUSINESS WIRE)-- Sea Limited (NYSE:SE) (“Sea” or the “Company”) today announced its financial results for the quarter ended June 30, 2018. “Sea again delivered strong results in the second quarter of 2018 as we capitalized on our ability to anticipate and quickly adapt to evolving industry dynamics,” said Forrest Li, Chairman and Group Chief Executive Officer of Sea. “Shopee continued to expand rapidly across all markets, strengthening its leadership in the region. Our monetization strategy for Shopee is delivering ahead of expectations, even at this early stage. Marketplace revenue surged by more than 69% sequentially to US$37.3 million, as more merchants invested in our value-added services to deepen engagement with their customers. GMV increased more than 14% sequentially to US$2.2 billion, while sales and marketing expenses as a percentage of GMV continued to decline as our growing scale enabl
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