Sea Limited (SE) Q2 Earnings Miss Estimates, Revenues Up Y/Y

Sea Limited (SE) reported earnings of 46 cents per share in second-quarter 2024, missing the Zacks Consensus Estimate of 22.03%. The company posted earnings of 83 cents in the year-ago quarter. Revenues of $3.91 billion increased 29.9% on a year-over-year basis, beating the Zacks Consensus Estimate by 4.73%. The uptick was primarily driven by growth in Gross Merchandise Value (GMV) for e-commerce and the credit business. Top-Line Details Digital entertainment revenues totaled$ 435.6 million, down 17.7% year ...