bullish

Sea Ltd

Shopee’s victory lap: Rising take-rate propels Shopee to positive EBITDA in Q3 2024

0 View28 Nov 2024 04:00
SUMMARY
  • Shopee’s long and windy path to profitability has been a well-covered topic over the past years,including in Cube Pulse.
  • After shifting between topline GMV growth and EBITDA profitability – but rarely both at once – the company has finally crossed an important milestone by achieving EBITDA profitabilityandhealthy regional GMV growth in the third quarter of 2024.
  • Furthermore, management indicates that this will continue.
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Simon Torring
Co-founder of Cube Asia
Cube Asia
Consumer DiscretionaryEquitiesThematic (Sector/Industry)
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  • Shopee’s victory lap: Rising take-rate propels Shopee to positive EBITDA in Q3 2024
    28 Nov 2024
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