
Paymentus Holdings Inc. (PSFE) reported Q1 earnings with revenue reaching $417.7 million, up 8%, and a total payment volume of $36.1 billion, up 7%. The net income was $3.1 million, or $0.05 per diluted share. Sea Ltd (SE) saw a surge in its stock price by 5% pre-market after a decline in credit losses and maintaining its 2024 outlook. Sea posted record revenue in Q1 driven by e-commerce growth, with total revenues up 22.8% year-on-year to $3.734 billion. The company experienced growth in e-commerce revenues but a decline in digital entertainment revenues.
$SE reached $69.7, a new intraday high YTD after reported solid revs growth in Q1: Q1 Earnings Results: Total revs up 22.8% y/y to $3.734B - E-commerce revs up 32.9% y/y to $2.747B - Digital entertainment revs down 15.1% y/y to $458.1M - Digital financial service revs up 21%… https://t.co/DDNTP5kPMe https://t.co/xV2ivPgnST
Singapore's Sea posts record revenue in Q1 on e-commerce growth https://t.co/vY7dy81f0V
Shopee-owner Sea tops quarterly revenue estimates on e-commerce strength https://t.co/z1KyrAFDCI https://t.co/wWhGehaMOJ


