Sunday, August 1, 2021

Why is Sea Limited (SE) stock increasing rapidly?

Sea Limited (NYSE: SE), an online gaming, e-commerce, and digital payments company, reported strong earnings in the first quarter of 2021. Company revenue growth remained three digits, an effective SE stock growth rate of 4.19 %, to $208, per share.


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Sea Limited’s revenue was $ 1.8 billion in the last quarter, up by 146.7 % YoY. A 212.1 % increase in gross profit brought $ 645.4 million. In adjusted EBITDA terms, there are $88.1 million in the positive figure. Comparatively, it was negative $ 69.9 million last year. A larger market share of more expensive services led to increased margins for the company.


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IT platforms are developed by Sea Limited (NYSE: SE) for online commerce, entertainment, and digital media. A 117.4 % increase in revenues occurred in the digital entertainment segment in the first quarter, to $ 1.1 billion and a 61.4% increase in subscribers, to 648.8 million. Sales increased by 250.4 %, reaching $ 922.3 million in the e-commerce segment. There were $3.4 billion in payments through the Sea Limited app for the first quarter of 2021, three times more than in the same quarter last year. The number of users reached 26 million.

Sea Limited expects digital entertainment to reach $4.3 – $4.5 billion by the end of 2021, and e-commerce to reach $4.5 – $4.7 billion. Free Fire, popular in Latin America, Southeast Asia, and India, is expected to maintain its positive momentum. COVID-19 led to a significant increase in sales for Sea Limited. Although strong growth persists, it indicates a high level of user engagement in Sea Limited’s ecosystem.

Sea Limited (SE) has advanced by 5.10% to $238.23 in the current market on Thursday. SE closed the previous trading session at $226.66. A share’s price range was between $218.32 and $226.68. It traded 2.65 million shares, which was below its daily average of 4.19 million shares over 100 days. SE’s shares have gained by 6.20% in the last five days, while they have lost -4.14% in the last month. The company has a price to book ratio of 33.14.

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