Sea Ltd (NYSE: SE) jumped after reporting a surprising net income of $410.8 million for Q1—marking a sharp reversal from a year-earlier loss. With the stock closing at $164.63 yesterday and trading above its 52-week high in pre-market hours today, investors are naturally asking: is this the start of a new growth era—or a short-lived spark? A Closer Look at the Numbers This profitable quarter is a huge milestone for Sea, especially considering the competitive heat in Southeast Asia. The company appears to be gaining ground against formidable rivals like TikTok (Douyin) and Lazada, especially in its e-commerce and digital entertainment segments. Still, one profitable quarter does not a trend make. Investors need to examine whether Sea’s newfound profitability is sustainable, or simply the re

$Sea Ltd(SE)$ jumped more than 15% at one point after announcing its Q1 earnings, and was steady during the day, eventually closing +8.2%, also reflecting investor optimism about its earnings report, which beat expectations.The company's stock hit a new year-to-date high and recovered 40% from its 2021 high.The whole Q1 is characterized by "profit>growth", and the profit margin is a big surprise, with the profit margins of games and e-commerce exceeding expectations.But on the other hand, the continuity of seasonal sudden increase, slowdown in revenue growth of e-commerce business and the risk of financial business is still worthy of vigilance.In the short term, the IP linkage dividend already exists, but in the long term, we need to verify the s