Sea's secret to success
Sea's secret to success (say that three times fast) is the company's three rapidly growing operating segments. The gaming division is currently its most successful, in terms of generating positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Sea ended June with roughly 725 million active gamers, 92.2 million of whom were paying to play. Having 12.7% of its active gamers paying is a substantially higher conversion rate than the industry average$Sea Ltd(SE)$
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