- Shopee has executed well and is displaying signs of improving unit economics and profitability.
- SeaMoney TPV sequential growth is declining. They are also hiring aggressively in anticipation of the launch of its digital banks.
- Garena is displaying early signs of stabilizing monthly user trend and is stepping up on the pedal to develop more games.
- Having less than 2 years of cash runway is a cause for concern on investors’ minds.
- Sea’s management track record of creating shareholders’ value instills confidence that they can navigate these short-term headwinds.
For further details see:
Sea Limited: We Remain Optimistic On Its Long-Term Trajectory