New York-listed Sea Limited‘s net loss in the first quarter of this year has widened to $580.1 million from $422.1 million in the same period of last year even as revenue was up 64.4% to $2.9 billion, the company announced.
Total net loss, excluding share-based compensation, was $445.1 million compared to $320 million for the first quarter of 2021. The company said its total gross profit during the quarter was $1.2 billion, up 81.3% year-over-year.
