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Why Sea Limited Climbed 17.5% in November

Why Sea Limited Climbed 17.5% in November

Sea Limited's revenue for its third quarter came in at $3.2 billion, up 17.4% year over year. Its gross profit jumped by 21.7% year over year to $1.2 billion, but net loss remained fairly constant at $569.3 million. Despite the weaker results, investors are probably feeling optimistic about what Forrest Li, Sea Limited's CEO, said in the earnings announcement.