Quote:
Originally Posted by Unregistered
SEA comprises of three main but separate segments. Garena (gaming), Shopee (ecommerce) and SeaMoney (Financial Svcs). Under FRS/IFRS rules, they are required to disclose the key performance for each segment separately. You can get a sense of how each segment are performing by looking at these numbers.
While it is true that SEA (on a consol level) is making losses, these losses primarily stem from Shopee. This is typical for start-ups in the period of growth. Whether this is sustainable or not is another question.
So, it will be unfair and inaccurate to say that just because SEA is making losses on a consol level, the entire SEA is a lousy company.
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I see, thanks a lot for the explanation!