SG's Sea Ltd's gaming division buoys Q2 earnings amidst widening losses

The regional internet major raised $1.5 billion in an upsized ADS offering in the US, leading analysts tracking the stock to expect higher cash calls over the next year or so.

Sea isn’t alone in cherry-picking numbers and offering them as “adjusted” figures. Ford Motor Co. and Newell Brands Inc. take the same approach.

The firm is likely to double its cash and cash equivalents to over $2 billion.

The firm's adjusted EBITDA losses for FY2018 jumped 109% to $694 million.