Sea reports Q2 revenue up 23% YoY to $3.8B, a $79.9M net income, vs. $60M est., and GMV up 29% YoY to $23.3B; Shopee raised its merchant fees by ~33% in 2024 (Olivia Poh/Bloomberg)

3 months ago 4

Olivia Poh / Bloomberg:
Sea reports Q2 revenue up 23% YoY to $3.8B, a $79.9M net income, vs. $60M est., and GMV up 29% YoY to $23.3B; Shopee raised its merchant fees by ~33% in 2024 — - Southeast Asia e-commerce leader also exceeds sales forecasts — Company is navigating intense competition from TikTok, Lazada

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