The global economy has grappled with surging inflation and rising interest rates for the past 18 months, and consumers have borne the brunt of the impact. Everyday goods and services have relentlessly increased in price, as have the size of mortgage payments.

The knock-on effects have hit companies reliant on consumer spending, and Sea Limited (NYSE: SE) is among them. Investors have sent its stock price plunging 80% from its all-time high, but its financial results for the first quarter of 2023 offered a few reasons to be optimistic about the future.

Sea Limited's largest segment continues to grow nicely, and the company has transitioned to profitability, which is a big green flag for investors. Here's why its stock is a buy right now.

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Source Fool.com