Sea Ltd. (SE) stock rises during pre-market trading session. Let’s find out why?

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LIXT Stock
LIXT Stock

Sea Ltd. (NASDAQ: SE) stock declined by 5.29% at the last close whereas the SE stock price gains by 4.13% in the pre-market trading session. Sea Limited was formed in Singapore in 2009 and is a major worldwide consumer internet firm. SE’s aim is to use technology to improve the lives of consumers and small businesses.

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SE stock Financial Highlights

Sea Ltd. announced its second-quarter 2021 financial results. The summary is given below:


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  • From US$882.0 million in the second quarter of 2020 to US$2.3 billion in the second quarter of 2021, the total GAAP revenue rose by 158.6% to US$2.3 billion.
  • From US$681.2 million in Q2 2020 to US$1.3 billion in the second quarter of 2021, SE’s total cost of revenue grew by 98.1 percent to US$1.3 billion.
  • From US$32.6 million in the second quarter of 2020 to US$72.0 million in the second quarter of 2021, the other operating income rose by 120.8 percent to US$72.0 million. Rebates from e-commerce-related logistics service providers accounted for the majority of the increase.
  • The total sales and marketing expenses for the second quarter surged by 138.5% to US$921.4 million relative to US$386.3 million for the second quarter of 2020.
  • From US$144.5 million in the second quarter of 2020 to US$243.0 million in the second quarter of 2021, SE general and administrative expenditures grew by 68.1 percent to US$243.0 million. This rise was largely attributable to increasing personnel salary and benefit expenditures as a result of the company’s expansion.
  • SE research and development costs grew by 129.0 percent to US$172.6 million in the second quarter of 2021 from US$75.3 million in the second quarter of 2020, owing to a larger research and development workforce.

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Net Loss

SE experienced net losses of US$433.7 million and US$393.5 million in the second quarters of 2021 and 2020.

Interest income, interest expenditure, investment gain (loss), and foreign currency gain are the most common non-operating income and losses (loss). In the second quarter of 2021, we had a net non-operating loss of $25.1 million, relative to a net non-operating income of $7.6 million in the second quarter of 2020. Interest expenditures on the existing convertible notes accounted for the majority of the company’s non-operating loss in the second quarter of 2021.

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