🔹 EPS: $0.65 (Est. $0.60) 🟢
🔹 Revenue: $4.84B (Est. $5.02B) 🔴; +29.6% YoY
🔹 Adj EBITDA: $946.5M (Est. $657M); 🟢 +135.9% YoY
Other Metrics:
🔹 Operating Income: $456.4M; UP +542% YoY
🔹 Service Revenue: $4.43B; UP +30.1% YoY
🔹 Sales of Goods: $406.6M; UP +24.6% YoY
🔹 Cost of Revenue: $2.60B; UP +19.5% YoY
Segment Performance
E-Commerce (Shopee)
🔹 GAAP Revenue: $3.12B; UP +28.7% YoY
🔹 Gross Orders: 3.1B; UP +20.5% YoY
🔹 GMV: $28.6B; UP +21.5% YoY
🔹 Marketplace Revenue: $3.1B; UP +28.7% YoY
🔹 Core Marketplace Revenue: $2.4B; UP +39.2% YoY
🔹 Value-Added Services Revenue: $752.2M; UP +4.1% YoY
🔹 Adjusted EBITDA: $264.4M (vs. -$21.7M YoY)
Digital Financial Services (Monee)
🔹 GAAP Revenue: $787.1M; UP +57.6% YoY
🔹 Adjusted EBITDA: $241.4M; UP +62.4% YoY
🔹 Consumer & SME Loans Outstanding: $5.8B; UP +76.5% YoY
🔹 NPLs (90+ days past due): 1.1% (Stable QoQ)
Digital Entertainment (Garena)
🔹 Bookings: $775.4M; UP +51.4% YoY
🔹 GAAP Revenue: $495.6M; UP +8.2% YoY
🔹 Adjusted EBITDA: $458.2M; UP +56.8% YoY
🔹 Quarterly Active Users: 661.8M; UP +11.3% YoY
🔹 Quarterly Paying Users: 64.6M; UP +32.2% YoY
🔹 Paying User Ratio: 9.8% (vs. 8.2% YoY)
🔹 Avg. Bookings per User: $1.17 (vs. $0.86 YoY)
Expense Breakdown
🔹 Sales & Marketing Expenses: $929.7M; UP +20.8% YoY
- E-Commerce: $777.5M; UP +15.0% YoY
- Digital Financial Services: $96.3M; UP +69.6% YoY
- Digital Entertainment: $28.9M; UP +49.2% YoY
🔹 General & Administrative Expenses: $307.2M; UP +5.6% YoY
🔹 R&D Expenses: $295.9M; DOWN -2.8% YoY
🔹 Provision for Credit Losses: $281.9M; UP +74.3% YoY
Other Metrics
🔹 Cost of Goods Sold: $373.8M; UP +20.8% YoY
🔹 Non-Operating Income: $89.2M (vs. -$17.5M YoY)
🔹 Income Tax Expense: $136.3M; UP +73.1% YoY
🔹 Operating Expenses: $1.78B; UP +20.0% YoY