$SEA LTD(SE)$Gone case. đ
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Comments
-GAAP down 9.4% to $2.9B
-Gross Profit down 10% to $1.17b
-Garena down 21.4% to $1.1b (Active & Paying Users down 5.8% & 20.5%)
-Shopee down 6.3% to $1.5b
-Sea Money up 19.4% to $236.0mil
Shopee can burn 8 more quarters of cash and survive. Who cares about the long term value, it can be a trading opportunity to bid up and down. Most of its operations are working at negative margin. Shopee revenue went up 66%, losses also went up 66%