Tuesday, August 15, 2023

Southeast Asian internet giant Sea reports Q2 revenue up 5.2% YoY to $3.1B, below $3.2B est., and Shopee revenue up 21% YoY, the slowest on record; SE drops 13% (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
Southeast Asian internet giant Sea reports Q2 revenue up 5.2% YoY to $3.1B, below $3.2B est., and Shopee revenue up 21% YoY, the slowest on record; SE drops 13%  —  - Online-retail arm Shopee posts slowest growth on record  — Tech firm's shares plunge about 13% in pre-market trading



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