- Total GAAP Revenue was $2.9b – up 64.5% year on year
- Total Gross Profit was $1.17b – up 81.3% year on year
Sea Ltd (NYSE: SE) announced Q1 FY22 results this evening which came in rather expected.
If any, I think there was a little disappointment as metrics surrounding its Digital Entertainment continued to fall this quarter and the uncertainty surrounding the growing cash cow of Garena will continue to dominate for quarters to come.
If you have not read my previous article on SEA Ltd, you may first read them here.
I started buying when the share price hits $100, and continue to average down in the past couple of weeks. My average price is at around $86.
Q1 FY22 Earnings and Thoughts
Results for Q1 FY22 looks good overall on paper as revenue continues to grow in solid double digit year on year when compared to Q1 of the previous year.
Some of the highlights you can view in summary are: