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6
Mar

Sea hits profitability milestone

It’s been a long road to reach this point but Sea has finally done it: The Singapore-based company recorded its first full year of profitability in 2023. Net income was US$163 million, while revenue reached US$13 billion, up 5% from 2022. However, Sea owed its profitability more to its performance…
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19
Nov

Sea falters in the third quarter

Across Southeast Asia, the business models of platform companies are being put to the test – and the results are still inconclusive. We can appreciate that a focus on quarterly earnings may obscure positive long-term trends – and Sea did not have the best quarter – but it is undeniable…
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13
Mar

Sea gets a taste of profitability

Sea Group surprised many of us with its swing to profitability in the fourth quarter, the first time the Singaporean company ever recorded positive net income. The company is much better known for losing money than making it. In the fourth quarter, Sea made a profit of US$422.8 million, compared…
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Established in 2007, Kapronasia, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.

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