Q1 2020 Sea Ltd Earnings Call Transcript

May 18, 2020 / 11:30AM GMT
Operator

Good morning, and good evening. Welcome to the Sea Limited First Quarter 2020 Results Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Ms. Yanjun Wang. Please go ahead.

Yanjun Wang - Sea Limited - Group Chief Corporate Officer, Group General Counsel & Company Secretary

Thank you, operator. Good evening, and good morning, everyone, and welcome to Sea's 2020 First Quarter Earnings Conference Call. I am Yanjun Wang, Sea's Group Chief Corporate Officer.

Before we continue, I would like to remind you that we may make forward-looking statements, which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release. Also, this call includes discussion of certain non-GAAP financial measures, such as adjusted revenue, adjusted EBITDA and net loss excluding share-based compensation and changes in fair value of the 2017 convertible notes. We believe these measures can enhance our investors'

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