Hi, Sea just announced Q3 result, while Shopee and seamoney remains strong growth, GARENA business was a bit slown down (QAU growth was slown), does the result meet your expectation?
I'll be publishing a Part 4 article where ill go through my thoughts on Q3 in more detail, but broadly speaking I think no immediate cause for alarm at this stage for Garena. I think i've factored in a fair degree of conservatism into my base case and my FY21 Garena forecast is still well within their FY21 guidance (and management tends to be conservative). Re FY22 and beyond, we will see what Q4 brings but I think even if Free Fire users peak in 2022 they should still be able to hopefully monetise for many years to come, as other successful game franchises have shown
Hi, Sea just announced Q3 result, while Shopee and seamoney remains strong growth, GARENA business was a bit slown down (QAU growth was slown), does the result meet your expectation?
I'll be publishing a Part 4 article where ill go through my thoughts on Q3 in more detail, but broadly speaking I think no immediate cause for alarm at this stage for Garena. I think i've factored in a fair degree of conservatism into my base case and my FY21 Garena forecast is still well within their FY21 guidance (and management tends to be conservative). Re FY22 and beyond, we will see what Q4 brings but I think even if Free Fire users peak in 2022 they should still be able to hopefully monetise for many years to come, as other successful game franchises have shown