Tencent-Backed Shopee Owner Sea Logs Higher Q3 Profit; Revenue Up

MT Newswires11-11 08:41

Sea, the Singapore-based operator of e-commerce platform Shopee and gaming company Garena, posted $502.5 million in net income for the third quarter, compared with $375.0 million a year ago.

EPS moved to $0.78 from $0.59 year over year, a Tuesday disclosure showed.

For the three months ended Sept. 30, revenue was $8.58 billion, versus $5.99 billion previously, the Tencent Holdings (HKG:0700)-backed technology company said.

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