Sea Limited American Depositary Shares, each representing one Class A Ordinary
Revenue $8.58B (+43%) beat $8.05B, but adjusted EPS $0.92 missed $0.97 (GAAP $0.78 per ADS) on heavier AI and marketing spend and credit provisions up 82%; Shopee GMV and $1B EBITDA targets kept, new $1B buyback.
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