Sea Ltd ADR’s stock price surged by 4.29% to .28 following the recent report, showcasing a positive trend for investors. Despite a decline in both earnings and revenue, the company managed to maintain its profit margins, indicating strong financial management.
Prior to the report, Wall Street Analysts had given the stock an average rating of Buy, showing confidence in Sea Ltd ADR’s future performance. Additionally, InvestorsObserver currently gives the stock a Bullish Sentiment score based on recent trading activities.
Sea Ltd ADR operates Shopee, Southeast Asia’s largest e-commerce platform in terms of gross merchandise value and transaction volume. Originally a gaming business with Garena, the company expanded into e-commerce in 2015, with Shopee now serving as its primary growth driver. Shopee operates as a hybrid C2C and B2C marketplace across eight key markets, with Indonesia accounting for 35% of GMV.
Garena’s popular game, Free Fire, was the most downloaded game in January 2022 and contributed to 74% of the gaming revenue in 2021. Sea Ltd ADR’s third business, SeaMoney, facilitates e-wallet payments on Shopee and offers digital financial services such as credit lending, showcasing the company’s diversified revenue streams.
