Sea Ltd. has announced that its e-commerce arm achieved a quarterly profit on an adjusted basis, outperforming larger Chinese competitors in Southeast Asia, particularly in Indonesia.
The company's net income exceeded analysts' expectations, reaching $153.3 million. In the three months ending September, Sea's sales increased by 31% to $4.3 billion, surpassing the average forecast.
As a result of this positive financial news, Sea's shares experienced a pre-market trading increase of approximately 7% in the United States.