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Sea Limited goes deeper into the red with FY20 net loss of US$1.62 bil despite 101.1% surge in total revenue

Felicia Tan
Felicia Tan3/2/2021 8:28 PM GMT+08  • 4 min read
Sea Limited goes deeper into the red with FY20 net loss of US$1.62 bil despite 101.1% surge in total revenue
On a fully diluted basis, loss per share for the FY2020 and 4QFY2020 came in at US$2.78 and 87 US cents respectively.
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Sea Limited has reported a net loss of US$1.62 billion ($2.16 billion) for the FY2020 ended December, 11.4% higher than the net loss of US$1.46 billion for the FY2019.

The figure includes share-based compensation and changes in fair value of the 2017 convertible notes of US$1.3 billion and US$867.8 million for the FY2020.

4QFY2020 saw net loss of US$524.6 million, 86.1% higher than the net loss of US$281.9 million in the same period a year ago.

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