SEA’s Q1 revenue grows 58% Year-Year; benefits from COVID-19 crisis
Sea announced its financial results for Q1 2020 earlier this week.
“Our company’s mission is to better the lives of consumers and small businesses through technology – and I believe that this mission is more important now than ever given the disruptions we are all facing as a result of the coronavirus crisis,” said Forrest Li, Sea‘s Chairman and Group Chief Executive Officer.
“The coronavirus crisis is driving a step change in the growth of the digital economy globally, materially accelerating a shift to online lifestyles that is broad, deep, and, in our view, irreversible. We believe that Sea, as a market leader in some of the key sectors of the digital economy, is gaining and will continue to gain a disproportionate share of the resulting growth in our markets.”
Sea is fortunate to be in a strong position to play a part in helping our communities navigate these challenging times. In addition to contributing to the frontline fight against the virus, we are doing everything we can to support economic recovery across our markets, leveraging the strengths of our platforms.