Sea Limited (SE) shares are gaining on Tuesday morning trade as the company reported a surge in fourth-quarter revenues and a better outlook for the full year 2021.
The Singapore-based global consumer internet company reported a 101.6 percent increase in revenue in the fourth quarter to $1.566 billion from $777.22 million a year ago. It, however, reported a wider net loss of $524.56 million compared with $281.92 million loss last year. Looking ahead, the company expects an increase of 38.1 percent in digital entertainment from last year in the range of $4.3-$4.5 billion.
The shares are currently at $263.07, up 6.10 percent from the previous close of $248.51. The shares have traded in a range of $35.61-$285.00 on average volume of 3,889,521 for the last 52-weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.