SE 1Q23 Results: Cost Optimization Remains in Place; Digital Entertainment Remains Challenging
What’s new: SE’s reported 1Q23 top-line results were in-line with consensus but below our expectations partly due to drag in digital entertainment segment. While visibility remains limited as macro continues to be challenging, margins could continue to improve as the company remains focused on cost optimization. We maintain our PT at USD100.Analysts:
Jin Yoon
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