5 Best Video Game Stocks to Invest in Now

2. Sea Ltd (NYSE: SE)

Sea Ltd (NYSE: SE) is a consumer internet company specializing in the production of integrated platforms like electronic commerce, digital entertainment, and digital financial services. The company’s products are spread out in three businesses: SeaMoney, Shopee, and Garena.

The company has reported significant growth fueled by the pandemic and recently reported $1.56 billion in total revenue for Q1 2021, a 101% increase YoY. During the quarter, Sea Ltd (NYSE: SE) sales from Digital Entertainment grew by 72% to $693.4 million, while e-commerce sales were up by 178$ to $842.2 million. Total digital entertainment bookings amounted to $1 billion, an 111% YoY increase. The company also reported a 72% growth in active users compared to the last year’s Q1. Active paying users amounted to 73.1 million representing a more than 120% growth compared to what was reported in the first quarter of 2020..

Banking on the positive results reported, Sea is projecting a bullish year ahead with Digital Entertainment bookings expected to grow to between $4.3-$4.5 billion while c-commerce GAAP revenue is projected to range between $4.5-4.7 billion.