Sea Limited (NYSE: SE) , a tech-focused conglomerate based in Singapore, reported its fourth-quarter and Fiscal 2021 full-year results on March 1. A plus for the company was that total revenue for the year 2021 reached $10 billion, up by 128%. On the other hand, Sea's net loss expanded by 26% to $2 billion as it continued its aggressive expansion plans.
Despite reporting strong growth, Sea's latest earnings report failed to impress investors , and the stock price dropped 13% on the day earnings were released. Digging further into the results reveals a few reasons that might have caused investors to cringe.
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Sea Limited Is Facing A Choppy Time Ahead for 2022, and Potentially Beyond