This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You can access the previous editions of the Vantage Point weekly posts here.
Executive Summary
- Sea Ltd’s Q4 profit justifies its premium share price
- GoTo pushing the right buttons
- Digital banks must watch out for P2P lenders
Sea Ltd’s Q4 profit justifies its premium share price
Even as its peers are still painting a picture of near-term profitability, citing improving contribution margins and adjusted EBITDA, Southeast Asian tech giant Sea Ltd last week blindsided analysts by posting an actual net profit, and a very significant one, of $422.8 million for the fourth quarter of 2022.
