Sea Limited (NYSE: SE) mobile games and online sales platforms continue to grow. The company issued a strong quarterly report and does not expect growth to slow down. The shares of SE stock increased 6.12% in the August 17 trading to US$308.27.
Sea Limited’s GAAP revenue in the last quarter increased by 158.6% year-on-year to US$2.3 billion. Gross profit grew by 363.5% to US$930.9 million. Compared with the previous quarter, the digital entertainment business increased by 45%, 1%, reaching 725.2 million users.
Overall, sales in the online shopping solutions division increased by 161%, and sales in the entertainment division increased by 167%. Even in Sea Limited’s smallest financial services division, revenue has grown by nearly 150%.
Sea Limited (NYSE: SE) predicts that this growth rate will continue until the end of 2021. Sales in the e-commerce segment are expected to increase by 122%, while the number of orders in the entertainment segment is expected to increase by 44%.
Sea Limited operates in the Asia-Pacific region and may be affected by China’s new regulatory restrictions. However, this impact is indirect, not direct, because Sea Limited is located in Singapore.
Sea Limited (NYSE: SE) benefits from two important long-term trends: the growth of online commerce and the value of the mobile gaming and digital entertainment industries. The company provides two main platforms for related service providers: the Garena game platform and the Shopee platform. For online stores.Sea Limited also has a financial services department, mainly mobile digital payments.
SE stock achieved earnings per share of 3.59. SE shares have gained 3.81% of their value in the last five trades and are up 12.99% in the last month, but are up 54.87% as of the reporting date of the year.
