Sea reports Q4 revenue up 4.8% to $3.6B, above $3.5B est., and adjusted EBITDA down 74% YoY to $126.7M, above $88M est., due to market expenses; SE jumps 11%+ (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
Sea reports Q4 revenue up 4.8% to $3.6B, above $3.5B est., and adjusted EBITDA down 74% YoY to $126.7M, above $88M est., due to market expenses; SE jumps 11%+  —  - Adjusted profit, sales top estimates even as competition rises  — Sea is spending to fend off rivals TikTok, Lazada, Temu