Sea Ltd. posts Q3 net income of $375 million and revenue gains
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Sea Limited reported a Q3 net income of $375 million, a 144.6% increase from $153.3 million last year. Basic earnings per share rose to $0.63, and diluted earnings per share increased to $0.59. Operating expenses decreased by 28% year-on-year. The company achieved record highs in quarterly GMV and revenue for Shopee, with improved profitability in Asia and Brazil. Non-operating income was $61.2 million, primarily from interest income. Income tax expense rose to $161.1 million from $92.6 million in Q3 2024.
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