Insider Stocks · For members
An entry from my investing journal, for members.
Sea closed 2025 with $22.9 billion in full-year revenue, up 36.4% year-on-year. Full-year net income reached $1.6 billion and adjusted EBITDA hit $3.4 billion. All three businesses exceeded the growth expectations management set at the start of the year. These are the headline numbers. Now let's look underneath them.
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
Already a member? Log in to read the rest.