Welcome to this edition of top stock highlights where we feature snippets from various companies.
Sea Limited (NYSE: SE)
Sea released its fiscal 2022 first quarter (1Q2022) earnings that saw revenue continue to power higher.
Total revenue surged by 64.4% year on year to US$2.9 billion, driven by year on year revenue increases in all its divisions.
Revenue from its Digital Entertainment division, Garena, climbed by 45.3% year on year to US$1.1 billion while the e-commerce and other services division, which includes SeaMoney, saw revenue soaring by 94.2% year on year to US$1.5 billion.
The gross margin improved from 36.6% a year ago to 40.4%.
Gross orders for Shopee jumped 71% year on year to 1.9 billion, taking gross merchandise value (GMV) higher by 39% year on year to US$17.4 billion.
However, for Garena, quarterly active users slid 5% year on year to 615.9 million while quarterly paying users fell by 23% year on year to 61.4 million....