Sea Limited Stock Soars as Shopee Parent Posts Sales Gains in All Divisions
1. Sea Limited reported Q1 profit exceeding forecasts, boosting confidence. 2. E-commerce sales rose 29% to $3.12 billion, driving revenue growth. 3. GAAP EPS was $0.65, beating the $0.51 expectation from analysts. 4. Digital Financial Services surged 58%, reflecting growth in credit business. 5. Shares rose over 8%, reaching their highest point since early 2022.