Sea Expects Shopee's 2024 GMV Growth to Be in the High Teens Range and Its Adjusted EBITDA to Turn Positive in the Second Half of This Year

benzinga_article
2024.03.04 11:37
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Sea expects Shopee's GMV to grow in the high teens range in 2024 and for its adjusted EBITDA to turn positive in the second half of this year. Despite intense competition in Southeast Asia, Shopee gained market share in 2023 and aims to maintain it in 2024. This information falls under the category of business-related information.

"Despite an environment of intensified competition in Southeast Asia, we believe Shopee had a meaningful gain in market share between the start and the end of 2023. We are happy to have solidified Shopee's

"Despite an environment of intensified competition in Southeast Asia, we believe Shopee had a meaningful gain in market share between the start and the end of 2023. We are happy to have solidified Shopee's market share in the region, and we intend to maintain our market share in 2024. We expect Shopee's full-year GMV growth to be in the high teens range and its adjusted EBITDA to turn positive in the second half of this year."

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