Sea Limited (SE): A Bull Case Theory

We came across a bullish thesis on Sea Limited on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on SE. Sea Limited's share was trading at $174.66 as of August 13^th. SE’s trailing and forward P/E were 121.76 and 58.82 respectively according to Yahoo Finance.

Sea Limited delivered strong Q2 2025 results, with revenue rising 38.2% YoY to $5.26 billion, beating estimates by 5.7%, and adjusted EBITDA nearly doubling to $829 million from $448 million a year earlier. Net income surged to $440 million, driven by gross margin expansion...