One booming segment
Sea Limited's other main division, the Shopee e-commerce store, is working hard to establish itself. Gross merchandise volume was up 27% year over year to $19 billion in Q2, driving revenue growth of 76% to $1.8 billion. Within its e-commerce business is SeaMoney, a young but growing mobile wallet offering.
E-commerce is still booming, so Sea Limited's business performance is relatively neutral. However, Free Fire's revenue has been funding Shopee's growth. As that cash cow shrinks, it puts further pressure on Sea Limited's bottom line.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
卫斯理传奇 : You are correct, gaming revenue is definitely going down. I'm a gamer and will get sick over the same game. But strangely nobody notice yours and my comments. Stock price keeps moving up lol.