Sea Limited (NYSE: SE) has been on a roller-coaster ride since the pandemic broke out in 2020. The e-commerce firm saw its share price leap from US$45 to more than US$350 in November 2021, only to crash to US$52 by the end of 2022 as the boost from the pandemic wore off. However, things may be looking up for Sea Limited. The company saw its share price soar 68% year-to-date to hit US$65 and is just off its 52-week high of US$76.60. Can the gaming and e-commerce firm revisit the highs it hit back in 2021?

First-ever annual profit

Sea Limited reported its first-ever annual profit when it unveiled its earnings report for 2023 back in March this year. The company saw a 4% year-on-year rise in revenue to US$13.1 billion while gross profit improved by 12.5% year on year to US$5.8 billion. Sea Limited announced an operating profit of US$224.8 million and a net profit of US$150.7 million for 2023, marking the e-commerce company’s maiden full-year net...