E-commerce GMV + 29% YoY, Gaming +23%, Financial Services Loan Book up 90% (1% non-performing). Group revenue up 38%, operating profit ~$2B, FCF ~$4B annualised. Cheap at 25x FCF for 20%+ LT growth.
Business Update - Sea Limited (SE) Q2'25…
E-commerce GMV + 29% YoY, Gaming +23%, Financial Services Loan Book up 90% (1% non-performing). Group revenue up 38%, operating profit ~$2B, FCF ~$4B annualised. Cheap at 25x FCF for 20%+ LT growth.