Total net income for the fourth quarter of 2022 came up to $422.8 million, up from negative $616.3 million in the same period a year ago. However we need to be aware that this was due to massive cost cutting measures.
On a positive note, the market read this positive and had a 20% surge in price. Plus the ability to cut costs to drive profitability can be read as a good sign compared to companies thatare dying at the top and bottom line and YET cannot cut.
On the flip side, there is always a limit to how must you can cut. Someone has got to run thebusiness right? The top line for Garena is heading down fast also.
Thus I am cautiously optimistic. Looking forward to more data before any decisions.
Meanwhile, here is an interesting photo of SEA collaborating with Google. [Happy]
How will aliens think of us?
@TigerStars @CaptainTiger @MillionaireTiger
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