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$Sea (SE.US)$
The financial report was double missed, indicating a general market adjustment and a waterfall. It will soon fall below the low of November 2022. Another big drop you can't imagine![]()
The e-commerce business I'm most concerned about is really not effective. There was no month-on-month revenue growth. As losses in the Brazilian market narrowed, EBITDA declined by 27.5%. It shows that the Southeast Asian e-commerce market is fiercely competitive, and shopee's market share is still shrinking even as investment increases month-on-month.
Shopee is the leader in SE valuations. If there is no longer high growth or even decline, it is inevitable that the valuation will be greatly discounted. No wonder it has plummeted today.
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This is the Q1 earnings report:
This is the current Q2 earnings report:
The financial report was double missed, indicating a general market adjustment and a waterfall. It will soon fall below the low of November 2022. Another big drop you can't imagine
The e-commerce business I'm most concerned about is really not effective. There was no month-on-month revenue growth. As losses in the Brazilian market narrowed, EBITDA declined by 27.5%. It shows that the Southeast Asian e-commerce market is fiercely competitive, and shopee's market share is still shrinking even as investment increases month-on-month.
Shopee is the leader in SE valuations. If there is no longer high growth or even decline, it is inevitable that the valuation will be greatly discounted. No wonder it has plummeted today.
------------------
This is the Q1 earnings report:
This is the current Q2 earnings report:
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