Sea Limited (NYSE: SE) just announced their earnings – their efforts have paid off, delivering strong 4Q22 results to closeout FY22 with revenue and earnings beating expectations. In September 2022, the company announced significant cost cutting measures and its CEO and top management would not take any cash compensation until the company reached self-sufficiency. Just one quarter later, Sea recorded its first quarterly profit in history! This goes to show that when the management is properly incentivised, they are able to achieve plenty. Sea’s revenue trajectory also recovered, with Dec’22 revenue exceeding Dec’21’s after a dip in the last three quarters. Revenue for 4Q22 was $3.5 billion, up 7 year on year or 9% QoQ. For what is likely the first time as well, three of the major segments, namely the Digital Entertainment, E-commerce and Digital financial services all recorded profits at an adjusted EBITDA level. The company also