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Wednesday, May 16, 2018

=Sea Limited (SE) reported earnings on Wed 16 May 18 (b/o)

Sea Limited misses by $0.14, beats on revs; raises FY18 guidance 
  • Reports Q1 (Mar) loss of $0.61 per share, excluding non-recurring items, $0.14 worse than the Capital IQ Consensus of ($0.47); revenues rose 81.2% year/year to $197.04 mln vs the $159.54 mln Capital IQ Consensus.
  • Gross merchandise value was $1.9 billion, an increase of 199.5% year-on-year from $648.3 million for the first quarter of 2017 and up 23.0% quarter-on-quarter from $1.6 billion for the fourth quarter of 2017.
  • Co raises guidancefor FY18, sees FY18 revs of $780-820 mln (Prior $730-770 mln) vs. $755.04 mln Capital IQ Consensus Estimate; expects e-commerce GMV for the full year of 2018 to be between $8.2-$8.7 bln (Prior $7.5-8 bln)

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