SEA

March 7, 2023 — SEA(NYSE:SE) today announced its financial results for the fourth quarter and full year ended December 31, 2022. The company  reported Q4 earnings of $0.72 per diluted share,Four analysts surveyed by Capital IQ expected a loss of $0.83 per share. Revenue for the quarter ended Dec. 31 was $3.45 billion, Four analysts polled by Capital IQ expected $3.05 billion. “We are starting 2023 on a much stronger footing,” said Forrest Li, Sea’s Chairman and Group Chief Executive Officer. “Our decisive pivot to focus on efficiency and profitability since late last year is already driving meaningful bottom line improvements. We delivered positive total net income in the fourth quarter, demonstrating the strength and resilience of our underlying business model and the execution capabilities of our teams. As we continue this transition and maintain our focus on sustainable growth, our approach is to do less but do it better