On June 1, Sea Ltd rose 3.37% in regular trading, trading at $95.89/share, with trading volume of $75.10 million. The stock continues its upward trajectory following a brief pullback after its blockbuster Q1 earnings release.
The company reported GAAP net revenue of $7.1 billion, up 46.6% year-over-year, significantly beating the consensus estimate of $6.95 billion. E-commerce platform Shopee delivered total orders of 4 billion, up 29.3% YoY, with GMV growing 30.2% to $37.3 billion. Digital financial services revenue surged 57.8% to $1.2 billion, while gaming division Garena saw bookings rise 20.1% to $931.4 million. Adjusted EPS came in at $0.84, missing Zacks consensus by 12.5%, though top-line strength dominated market sentiment.
Following the earnings release, Jefferies raised its target price from $150 to $157, maintaining a buy rating. The stock initially surged over 13% on earnings day before experiencing profit-taking that brought shares down to approximately $85. The subsequent rebound through $96 reflects the market continuing to reprice the stock in recognition of robust fundamental momentum and the company's AI investment initiatives aimed at cultivating new growth engines beyond e-commerce.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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