On July 2, Sea Ltd rose 3.37% in regular trading, trading at $105.17/share, with turnover of $83.9 million.
On the news front, the company's AI overseas expansion strategy continues to catalyze market expectations for a new growth curve. Sea recently launched Migoo, an AI companion chatbot, to enter the US market — marking its first foray into the competitive US consumer space. Additionally, the company has assembled a dedicated team reporting directly to the President's office to identify AI investment opportunities globally, signaling management's strong commitment to AI as a strategic priority.
On fundamentals, Sea reported Q1 revenue of $7.1 billion, up 46.6% year-over-year and well above the $6.45 billion consensus estimate. Shopee GMV grew 30% year-over-year, SeaMoney loan volume surged 70%, and the company maintained its full-year GMV growth guidance of 25%. Quarterly active users reached 667 million with paid user penetration rising to 10.9%.
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