Singapore tech giant Sea’s Q1 losses widen to $422m, revenue up 2.4x

Photo: Sea Group

Singapore-headquartered e-commerce and gaming giant Sea Limited on Tuesday reported a net loss of $422 million during the first quarter of this year, widening its loss from $281 million a year earlier as spending on marketing and manpower grew.

The New York Stock Exchange-listed tech company booked revenue of $1.8 billion, up 147% year-on-year (y-o-y) from $715 million in the same quarter last year due to growth in its main business units Shopee and Garena.

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