Sea Limited Stock Popped 20% After Earnings. Is It Too Late to Buy?

It wasn't too long ago that Southeast Asia-based Sea Limited (NYSE: SE) was essentially left for dead by investors. For example, at the end of 2022, overall revenue growth was just 7%, and the business had burned through billions of dollars in cash in the prior 12-month period. Although the company's e-commerce business was doing quite well, the long-established digital entertainment business was hemorrhaging active users and saw bookings plunge by 18%. For the full year of 2022, the company posted a net loss of $1.7 billion.However, the company did a phenomenal job of turning things around. In 2024, all three business segments grew, and overall revenue increased by 28%. Sea posted a $448 million profit for the full year, and the business was firing on all cylinders. Investors were handsomely rewarded, and the stock gained 162% last year. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool