Sea reports $0.67 GAAP EPS, missing estimates by $0.03, while revenue rises 46.7% year-over-year to $7.1 billion.
Sea posted a first-quarter GAAP earnings per share of $0.67, falling short of expectations by $0.03. Revenue reached $7.1 billion, surpassing estimates by $700 million and marking a 46.7% increase year-over-year.
Gross orders for Shopee totaled 4.0 billion, up 29.3% from the same period last year. Gross merchandise value (GMV) climbed to $37.3 billion for the quarter, continuing its upward trend.
The mixed results highlight strong revenue growth but weaker-than-expected profitability, reflecting ongoing investments in expansion and operational scaling.