EarningsBetter-than-expected Shopee revenue and much better-than-expected Shopee profits kicked off the cycle of significant profit growth for SE.
Market PositionSea Ltd. is a dominant e-commerce, gaming, and fintech player in Southeast Asia, holding the No.1 market position across the region.
ProfitabilityShopee achieved profitability in both its Asian markets and Brazil for the second consecutive quarter, with expectations of continued improvement in profitability.