yeee $SE Q3 earnings tomorrow at 4:30am PT (lol). i'm planning to listen/live-tweet again! Not much to report here with respect to pre-earnings thoughts:
I think we will see Free Fire continue to do incredibly well. It was the third most downloaded mobile game in September globally (per sensor tower), and geopolitical tension in India with Chinese publishers could further prop it up in Q3. we may see some Q's from analysts
about how they monetize / if it's sustainable to do so.
I don't imagine we will see anything crazy from Garena revenue - the big areas of interest for me are Shopee and SeaMoney. seems like the consensus is to expect pretty steep costs with growing both of these products
I think it's possible we will see some revenue pullback as areas went out of lockdown to some degree in Q3. (However, worth noting that Vietnam had only one quick/short lockdown - and, according to the Q2 call, their numbers weren't meaningfully affected)
$SE is coming up on/hitting a lot of the official analyst price targets. as always, I expect the stock to continue to be volatile. it's hard to "WOW" wallstreet over and over again when you're already getting a lot of hype
also if anyone messages me asking if I'm "still holding" $SE i will lose my mind 😂
it is a long-term hold for me. i follow earnings calls but they are one piece of a large puzzle!
it is a long-term hold for me. i follow earnings calls but they are one piece of a large puzzle!
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