Sea Limited American Depositary Shares, each representing one Cl

Earnings tomorrow morning - consensus estimates

Revenue: $3.03 billion +5% YoY

EPS: 0.64 vs -0.80 YoY

Digital Entertainment is the most profitable division (74% Gross Margin) but QAU's have declined significantly over the past 2 years - any sign of this recovering?

![Image upload](https://cdn.commonstock.com/e9be6f7d4fb7e99bbf879577dea234d551e8e94de4b29e698f95eacc3fbb708c-1322x888.png)

Q4 2022 was the first ever profitable quarter for Sea and signalled a clear shift from management

Here is a refresher in advance of the Q1 release

[https://www.thewolfofharcourtstreet.com/p/sea-first-ever-profitable-quarter](https://www.thewolfofharcourtstreet.com/p/sea-first-ever-profitable-quarter)

Just like with $PINS last year, I think the market wants to see a bottom, stop the bleeding. So far, that has not been the case.

Neil

https://www.thewolfofharcourtstreet.com/p/sea-first-ever-profitable-quarter