Sea Affirmed FY24 Outlook (Reported Earlier, Shopee's 2024 GMV Growth of High Teens Range and Adjusted EBITDA to Turn Positive in the Second Half of This Year)
Portfolio Pulse from Benzinga Newsdesk
Sea Limited (SE) has reaffirmed its FY24 outlook, with Shopee expecting GMV growth in the high teens range and adjusted EBITDA to turn positive in the second half of the year. Garena, led by Free Fire's strong performance, is back to positive growth. Free Fire continues to attract new users in its 7th year, and Sea Limited is confident in its roadmap for profitable growth.
May 14, 2024 | 10:42 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sea Limited reaffirmed its FY24 outlook with positive growth in Shopee's GMV and adjusted EBITDA, and Garena, led by Free Fire, returning to growth.
Reaffirming the FY24 outlook with positive growth indicators for both Shopee and Garena, especially Free Fire, suggests strong operational performance and strategic execution. This is likely to foster investor confidence and could lead to a positive short-term impact on SE's stock price. The emphasis on a roadmap for profitable growth further strengthens the case for a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100