Sea Limited (NYSE:SE), together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, such as livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including mobile wallet and payment services AirPay, ShopeePay, SPayLater, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
Sea Limited’s business capitalizes on three different opportunities in Southeast Asia: e-commerce (Shopee), digital payments (SeaMoney), and video games (Garena). It is a leader for the three segments/markets: Garena, Shopee, and SeaMoney. Sea Limited primarily operates in seven markets in Southeast Asia: Vietnam, Malaysia, Singapore, Thailand, Indonesia, the Philippines and Taiwan.
Sea Limited is slowly expanding beyond Southeast Asia. Garena’s Free Fire, a PC video game, is now available in 130 markets including North America, and Shopee recently launched in Brazil and Mexico. With these moves, Sea Limited is further expanding its market opportunity.
Sea Limited has grown in revenue of $414.2 million in 2017 to $5.4 billion in 2021 and grown in free cash flow from -$339.0 million in 2017 to $1.1 billion in 2021.
Therefore, with a strong competitive position in high-growth industries, Sea Limited stock is a good investment for investors who are interested of owning a high growth stock for the foreseeable future.
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