Should You Buy Sea Limited at Its All-Time High?
Shares of Sea Limited (NYSE: SE) recently hit an all-time high after the Southeast Asian gaming and e-commerce company posted its third-quarter numbers. Its total "adjusted" revenue, which includes deferred revenue and revenue that was net-off against sales incentives -- rose 214% annually to $763.3 million, beating estimates by $62.6 million. Its total GAAP revenue rose 198% to $610.1 million.
Sea's adjusted EBITDA loss narrowed from $183.8 million to $30.8 million, as its non-GAAP net loss -- which excludes stock-based compensation and the changing value of its convertible notes -- narrowed from $237.6 million to $175.2 million. On a GAAP basis, its net loss narrowed from $218 million to $206.1 million.
Sea's triple-digit revenue growth is impressive, but is it making enough progress on the bottom line? Let's dig deeper into its third-quarter report to see if this stock still has room to run.
Source Fool.com
