Investor Presentaiton
SID
Shopee
E-commerce
GAAP Marketplace Revenue
US$ Billions
Core Marketplace Revenue
Value-added Services Revenue
1.3
+44% YoY
1.8
+29% YoY
0.7
+54% YoY
1.1
4Q 2021
4Q 2022
US$ Millions
Adjusted EBITDA
Turned Positive
Asia Markets Adjusted EBITDA
Other Markets Adjusted EBITDA
196.1
320.0
(123.9)
(525.8)
(352.0)
(877.7)
4Q 2021
4Q 2022
Adjusted EBITDA for 4Q 2022 was positively impacted
by approximately US$80 million of accruals reversal¹.
Note: Financial figures are unaudited.
1.
As we made the management decision to strongly pivot to a clear focus on cost efficiency, there were accruals reversed during the fourth quarter of 2022 resulting from changes in previous estimations of certain expenses.
Sea 4Q 2022 & FY 2022 Results |
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