EarningsShopee posted record order volume, GMV, and revenue, Monee nearly doubled its loan book, and Garena’s bookings rose 23% yoy on a strong Free Fire performance.
Financial PerformanceThe group maintained a robust gross cash position of US$10.6b and generated US$2.4b in operating cash flow, underscoring a healthy cash flow.
Growth ExpectationsStronger performances are expected from Garena and Fintech in 2025, with management anticipating Garena’s user base and bookings to grow at a double-digit rate.