February 27, 2018 / 11:42 PM / 6 months ago

CORRECTED-Tencent-backed Sea's Q4 revenue rises 40 pct, losses mount

(Corrects to remove incorrect comparison in fourth paragraph)

Feb 28 (Reuters) - Singapore-based online gaming and e-commerce firm Sea Ltd reported a nearly 41 percent jump in fourth-quarter revenue and a wider loss because of rising costs and expenses.

The company said its net loss attributable to Sea was $262.7 million, or 90 cents per share in the quarter ended Dec. 31, from $72.2 million, or 42 cents per share, a year earlier.

The adjusted net loss was $251.6 million.

Revenue at the company, which counts China’s Tencent Holdings as its biggest shareholder, rose to $124.60 million. (Reporting by Sangameswaran S in Bengaluru and Aradhana Aravindan in Singapore Editing by Stephen Coates)

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