Sea Limited (NYSE:SE) Q2 2024 Earnings Conference Call August 13, 2024 7:30 AM ET

Company Participants

Miang Chuen Koh - Investor Relations Director
Forrest Li - Chairman and Chief Executive Officer
Tony Hou - Chief Financial Officer

Conference Call Participants

Pang Vittayaamnuaykoon - Goldman Sachs
Piyush Choudhary - HSBC
Marissa Putri - UBS
Alicia Yap - Citigroup
Ellie Jiang - Macquarie
Divya Kothiyal - Morgan Stanley
Sachin Salgaonkar - Bank of America
Thomas Chong - Jefferies
Jiong Shao - Barclays

Operator

Good morning, and good evening to all, and welcome to the Sea Limited Second Quarter 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] And finally I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to welcome Mr. MC Koh to begin the conference. Please go ahead.

Miang Chuen Koh

Hello, everyone, and welcome to Sea's 2024 second quarter earnings conference call. I am MC, Sea's Investor Relations Director. On this call, we may make forward-looking statements, which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release. Also, this call includes a discussion of certain non-GAAP financial measures such as adjusted EBITDA.

We believe these measures can enhance our investors' understanding of the actual cash flows of our major businesses when used as a complement to our GAAP disclosures. For a discussion of the use of non-GAAP financial measures and reconciliation of the closest GAAP measures, please refer to the section on non-GAAP financial measures in our press release.

I have with me Sea's Chairman and Chief Executive Officer, Forrest Li; President, Chris Feng; and Chief Financial Officer, Tony Hou. Our management will share strategy and business updates, operating highlights and financial performance for the second quarter of 2024. This will be followed by a Q&A session in which we welcome any questions you have.

With that let me turn the call over to Forrest.

Forrest Li

Hello, everyone, and thank you for joining today's call. I'm happy to report that it has been a solid quarter for us with our strong momentum from Q1 continuing into Q2. All three of our businesses have shown both strong growth and higher profitability.

Before I dive into each business results, I wanted to share some observations of our Southeast Asia's market. Generally, retail and consumer spending trends in the region have remained healthy with domestic consumption continuing to be a main driver of economic performance in many markets. This sets a very strong macro foundation for our e-commerce business.