$Sea Ltd(SE)$ Recap for Q2 2024 SEA earnings Sea Ltd reported GAAP revenue of $3.8 billion, a 23% year-over-year increase. The company reported a net income of $79.9 million, compared to $331.0 million in the same period last year. Adjusted EBITDA was $448.5 million, down from $510.0 million in Q2 2023. Gross orders totaled 2.5 billion for the quarter, increasing by 40.3% year-over-year. GMV was $23.3 billion, up 29.1% year-over-year. SEA Digital Entertainment Garena delivered strong performance with more than 20% year-over-year growth in bookings, mainly contributed by Free Fire and CODM. As of June 30, 2024, Sea Ltd had $9.0 billion in cash, cash equivalents, short-term investments, and other treasury investments. The company's shares have relativ
Shopify and Sea Beat and Jump! Time to Soar Tonight?
Shopify’s stock rose 13% in premarket trading after it beat revenue estimates, driven by AI-powered tools attracting more merchants. Sea, the owner of Shopee, also exceeded revenue expectations with a 30.8% increase to $4.33 billion in Q3, boosted by strong growth in e-commerce, entertainment, and financial services. ------------------ Have you ever bought goods from Shopify or Sea's Shopee? With two giants' earnings beat, will you trade them? What's your target price?
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