Sea(SE) - 2024 Q2 - Quarterly Report

Exhibit 99.1 1 ○ Total GAAP revenue was US$3.7 billion, up 22.8% year-on-year. ○ Total gross profit was US$1.6 billion, up 9.7% year-on-year. ○ Total net loss was US$23.0 million, as compared to total net income of US$87.3 million for the first quarter of 2023. ○ Total adjusted EBITDA1 was US$401.1 million, as compared to US$507.2 million for the first quarter of 2023. ○ As of March 31, 2024, cash, cash equivalents, short-term investments, and other treasury investments 2 were US$8.6 billion, representing a ...