3/26/2023 0 Comments Memu mac download![]() ![]() ![]() SE also halted all new financial equity investments and downsized operations in noncore markets.Īs a result of these actions, SE's Q4 net income and adjusted EBITDA turned positive, crushing analyst expectations, which anticipated another quarter of operating in the red. As such, SE tightened its belt, reducing spending and future investment commitments across office space, logistics facilities, and employee travel. ![]() ![]() In Q3, SE acknowledged that its current trajectory of growth at all costs was not working, prompting the firm, often referred to as the Amazon (AMZN) of Asia Pacific, to pivot its focus toward profitable growth. This milestone is causing quite the splash today, with shares sailing toward levels not seen since August. Sea Limited achieves its first quarter of profitability in Q4, underscoring quick success in recent cost-cutting measures (77.81 +12.07) Sea Limited's (SE +18%) new course to achieve profitability outlined last quarter materialized in Q4, boasting adjusted EPS of $1.01, its first quarter of profitability since becoming a public company in 2017. ![]()
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