Sea Limited: Firing On All Cylinders

■ 1 1 1 ur 018 ne I F 1 l i i ni 日 - kokkai Sea (NYSE:SE) is performing notably better than I - and arguably many market participants - have expected at the beginning of 2024. Around the beginning of the year, I pointed out that Sea's commercial growth momentum is struggling on multiple fronts. And accordingly, I assigned a "Sell" rating. However, my concerns have largely proven temporary. Indeed, Sea's Q2 2024 results exceeded expectations, with revenue growing 23% YoY and EBITDA hitting a 12% margin. Nota ...