Sea Limited
Q4 2022 Earnings Call
Mar 07, 2023, 7:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning and good evening. Welcome to the Sea Limited fourth quarter and full year 2022 results conference call. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
I would now like to turn the conference over to Ms. Minju Song. Please go ahead.
Minju Song -- Senior Manager, Group CCO Office
Hello everyone, and welcome to Sea's 2022 fourth quarter and full year earnings conference call. I'm Minju Song from Sea's group chief corporate officer's office. Before we continue, I would like to remind you that we may make forward-looking statements, which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons, as stated in our press release. Also, this call includes the discussion of certain non-GAAP financial measures such as adjusted EBITDA.
We believe these measures can enhance our investors' understanding of the actual cash flows of our major businesses when used as a complement to our GAAP disclosures. For a discussion of the use of non-GAAP financial measures and reconciliation with the closest GAAP measures, please refer to the section on non-GAAP financial measures in our press release. I have with me Sea's chairman and group chief executive officer, Forrest Li; group chief financial officer, Tony Hou; and group chief corporate officer, Yanjun Wang. Our management will share strategy and business updates, operating highlights, and financial performance for the fourth quarter and full year of 2022.
This will be followed by a Q&A session in which we welcome any questions you have. With that, let me turn the call over to Forrest.
Forrest Li -- Chairman, Group Chief Executive Officer
Hello, everyone, and thank you for joining today's call. 2022 was another year of evolution for us. Given the macro uncertainties, we pivoted decisively late last year to focus on efficiency and profitability. As a result, we began to see meaningful improvements in the bottom line.
For the fourth quarter, our net income and the total adjusted EBITDA both turned positive. Moreover, we generated $320 million of cash from operations in the quarter. It has not been an easy journey. We could make these significant shifts within such a short period of time only because of the collective efforts of our Sea team as a whole and the very strong determination and resilience that our team has demonstrated.