Sea Limited's Gaming Business Marched Ahead With Its Turnaround Efforts
SESea(SE) The Motley Fool·2024-06-05 17:17

The worst could be over for this company's critical division. Sea Limited's (SE 1.05%) gaming business, Garena, is a classic example of a fallen angel. It went from being a fast-growing and highly profitable gem to a problem child, enduring a continuous cycle of falling revenue and profitability for many quarters. However, green shoots indicate that the gaming company hit the bottom in the second half of 2023 and is set for better times in 2024 and beyond. Garena had a challenging period in 2022 and 2023 Wh ...