I'm Cautiously Optimistic About Sea Limited's Gaming Business. Here's Why.
Garena remains a hugely profitable franchise within Sea's umbrella of businesses.
Once the most dominant business within Sea Limited (NYSE: SE), Garena has fallen behind the limelight of its younger sister company, Shopee, as the latter became the most significant revenue contributor to the Singapore-based conglomerate.
Yet, Garena remains important to Sea's overall long-term strategic direction. Its solid recovery in 2024 also suggests it has the necessary ingredients to grow in the coming quarters.
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