$Sea(SE.US) Sea just reported earnings yesterday and total revenue came in about $7.1bn, +47% YoY, well above last quarter’s growth and the expectations of 36%. The outperformance was driven primarily by gaming, though e-commerce and fintech also delivered strong growth. On profitability, adjusted EBITDA came in at $1.03bn, which was also 15% above consensus. Shopee continues to be the main driving factor for Sea's performance, which their e-banking services Maribank continues to operate at a loss. Margins were slightly compressed but investors are fully focused on the growth potential that Sea can bring in the next few years. @Bridge Buzz SG
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