Sea Limited Q2 2024 Earnings Summary $SE
In the latest episode, we dive into Sea Limited's Q2 2024 earnings call, revealing impressive growth and strategic shifts across all business segments. CEO Forrest Li highlights a strong quarter driven by healthy consumer spending in Southeast Asia, with the e-commerce platform Shopee aiming for adjusted EBITDA positivity by Q3 and a revised GMV growth forecast in the mid-20s. Notably, Shopee's initiatives, including improved pricing and the success of Live Ads, have bolstered seller engagement. Meanwhile, SeaMoney is diversifying its loan portfolio with over four million new borrowers, ensuring prudent risk management. The digital entertainment segment shines as Garena's Free Fire continues to attract over 100 million daily active players, complementing anticipated new game launches. With a stabilizing competitive landscape and a focus on innovation in AI and financial services, Sea Limited is positioned for a promising trajectory. Tune in to gain valuable insights and understand the potential for sustained profitability.
