May 14, 11:39 AM

Sea Group's Profitable Year Drives Stock Surge; Shopee Growth Fuels Investor Optimism, Total GAAP Revenue Hits US$3.7B, Net Loss US$(23.0)M

Sea Group, despite a loss in Q4 2023, achieved its first profitable year, leading to a 17% stock surge. Shopee is expected to grow significantly, fueling optimism among investors. Sea Limited reported total GAAP revenue of US$3.7 billion, up 22.8% YoY, with a net loss of US$(23.0) million. The CEO expressed satisfaction with the strong quarter performance.

#Sea Group #Shopee #Sea Limited

Written with ChatGPT (GPT-3).