Sea Limited reported a significant increase in its third-quarter revenue, reaching $4.3 billion, which was a 30.8% year-over-year growth and above analyst estimates. The company also achieved a net income of $153.3 million, a stark contrast to the $144 million loss reported in the same quarter of the previous year. This performance was driven by robust growth in its e-commerce segment, Shopee, which turned profitable with a 42.6% year-over-year revenue increase, and strong demand in its digital entertainment and financial services sectors, with digital entertainment revenue down 15.9% and digital financial services up 38%. Gross profit also grew by 29.1% year-over-year. Following the earnings announcement, Sea Limited's shares surged more than 21% in pre-market trading, reflecting investor confidence in the company's strategic direction and operational improvements. Institutional buying in the third quarter was strong, with more than 300 institutional holders reporting holding 120 million shares, up approximately 20% from the previous quarter.