Since last year, the topic of "growth fantasy" has hit rock bottom and does not seem to want to recover. Sales growth at 4.8%. At 19%, the cost of revenue is rising faster than sales and the gross profit margin is falling to 42%. OpEx growth is also rising again to 16-17%; it was still negative in the last few quarters. Operating Margin is -1.5%. Net income also negative accordingly. Adjusted EBITDA at around 3.5%. It will be interesting to see how the next earnings turn out. Return to profitability or further downhill?
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@Krush82 Doesn't look so rosy. I'm thinking about getting out of the share completely.
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@Investor_in_Jogginghose It depends on your investment thesis as to why you bought the share at the time.
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@Krush82 Why did I buy them? I was hoping for endless sales growth. The question is whether I can invest the money better at the present time.
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@Investor_in_Jogginghose If you want to stay in the eCommerce space, Amazon, Shopify or MercadoLibre might be better alternatives
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@Krush82 Have Amazon and Shopify too. Should have used Mercado instead of Sea. Have now sold them. Gaming division also weak. No longer makes sense.
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@Investor_in_Jogginghose You don't need any more eCommerce in your portfolio ;-) Yes, the gaming/digital entertainment division is now only 1/3 of what it was at ATH
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