Sea Limited's Q2 Report
Aug 19, 2024
Sea Limited, the southeast Asian e-commerce and fintech leader, reported Q2 results late last week. Shopee, the e-commerce arm, performed well, growing revenue 34%, orders 40%, and merchandise volume 29%, continuing an acceleration of growth that started late last year. Shopee accounted for 74% of total revenue. Digital financial services (mostly consumer loans) grew sales 21% and reported a reasonable 1.3% non-performing loans book. This unit was 14% of total sales. Garena, the gaming unit, saw declining revenues but good forward metrics, with bookings up 21%, active users 19%, and paying users 22%. That bodes well for future revenue results. Across the board, a good report. The fair value gets a slight bump up to $73.50.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| RDDT | 4.90% |
| NTNX | 29.28% |
| CRWD | 61.00% |
| SE | 29.20% |
| SNOW | 4.40% |
| APPF | 4.22% |
| PINS | -24.39% |
vs. Fair Value Estimates
Buy List
| SEMR | -39.81% |
| TSM | -38.29% |
| GOOG | -51.93% |
| NYAX | -58.72% |
| MSFT | -31.62% |
| ODD | -31.33% |
| ASR | -28.32% |
| FLYW | -38.71% |
| HRMY | -54.53% |
| YOU | -36.80% |
| ABNB | -32.89% |
| MELI | -32.77% |
| ADBE | -40.81% |
vs. Fair Value Estimates
Hold List
| VTEX | -18.88% |
| ZETA | -24.67% |
| CELH | 42.48% |
| TOST | 10.57% |
| CPNG | -17.25% |
| HIMS | -15.57% |
| PAYC | -21.41% |
| MNDY | 5.26% |
| GLBE | -22.50% |
| ZS | 21.73% |
| V | -2.92% |
| ADSK | -3.04% |
| NOW | -3.85% |
| FTNT | -5.63% |
| TEAM | -6.93% |
vs. Fair Value Estimates