Sea Limited posts US$23m net loss despite revenue growth

Revenue for the period was 22.8% higher year-on-year.

Despite an increase in revenue, Sea Limited recorded a net loss of US$23m in 1Q24, a downturn from the net income of US$87.3m reported in 1Q23.

The NYSE-listed Singaporean company posted a revenue of US$3.7b in 1Q24, a 22.8% increase from 1Q23.

Across its business segments, only Digital Entertainment posted a decline in revenue. Its E-commerce and Other Services and Sales of Goods segments recorded a 30.6% YoY and 34.9% YoY increase in revenue, respectively.

Meanwhile, the company also reported a lower total adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$401.1m.

Given the net loss recorded for the period, the company posted a basic loss per share attributable to shareholders of US$0.04.

Follow the link for more news on

SEA

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia