SE - I'm Cautiously Optimistic About Sea Limited's Gaming Business Turnaround. Here's Why.
2023-11-29 09:53:00 ET
Once a gem within Singapore tech conglomerate Sea Limited (NYSE: SE) , Garena has fallen from grace as revenue and profitability declined massively over the last few quarters. It didn't help that this game development business had to temporarily halt its operations of Freefire apps in India due to a regulatory ban.
However, the tide could now be turning. For starters, the Indian regulator recently lifted that ban. And after a few quarters of highly challenging times, there are early signs that Garena might have reached a bottom.
Image source: Getty Images.
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I'm Cautiously Optimistic About Sea Limited's Gaming Business Turnaround. Here's Why.