Sea Limited’s Gross Merchandise Value (2017-2022)

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This statistic highlights Sea Limited’s Gross Merchandise Value (GMV), reported on a quarterly basis from Q1 2017 onwards.
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This statistic highlights Sea Limited’s Gross Merchandise Value (GMV) from Q1 2017 onwards, on a quarterly basis.

Sea Limited’s Gross Merchandise Value

GMV Q3 2020 Q2 2021 Q3 2021
GMV – Gross Merchandise Value (in dollars) $9.3 $15 $16.8

 (All figures are in millions)

Gross Merchandise Value

The value of orders of items and services on the Shopee marketplace is referred to as “gross merchandise value,” or “GMV.” Shipping and other expenses are included in the GMV calculation for our e-commerce platform. To monitor growth patterns, gauge performance, and make strategic decisions, the corporation looks at measures like GMV on a regular basis. Internal corporate data is used to compute this measure. These figures are based on what are believed to be realistic estimations for the measuring period.

Observation

The company’s e-commerce operation is now concentrated, with the company’s top markets accounting for the bulk of total orders and GMV in each case. If the company’s financial performance or the prospects and profitability of the e-commerce business suffer a major fall in these top areas, or if they are forbidden from operating or subject to limitations limiting operations in such markets, it might have a material and negative impact.

In terms of GMV and total orders, the Shopee e-commerce platform was the largest in the region in 2020. Shopee is a highly scalable marketplace platform that connects customers and sellers that has been mobile-first from its beginning.

From $446.3 million in 2018 to $907.5 million in 2019, the cost of revenue for e-commerce and other services climbed by 103.4 percent. The rise was mostly attributable to expenditures associated with our e-commerce marketplace’s expansion, which included, among other things, increased bank transaction fees driven primarily by GMV growth, as well as other expenses.

Trend

The firm has been concentrating on boosting the scale and liquidity of its marketplace, and as its GMV and market share rise, it will place a greater emphasis on monetization. To increase brand awareness and attract new consumers, the firm has engaged in both online and offline marketing initiatives. Furthermore, they run targeted marketing initiatives to encourage buyers and sellers to utilize their platform. The company’s investment in marketing and promotions is thought to have aided in the company’s GMV and market share expansion and will continue to do so. As a result, their existing pricing power will be strengthened, allowing them to monetize at higher rates.

If exchange rates were unchanged or if we operated and reported in a single currency, the company’s expenditures may rise, but revenue and operating metrics could fall. If the US dollar decreases against local currencies, revenue, operating expenditures, and GMV will all be greater than if the currencies stayed equal. Similarly, if the US dollar increases against local currencies, revenue, operating expenditures, and GMV will be lower than they would be if currencies stayed constant. Foreign currency exchange rate fluctuations may have a major negative impact on operating results, causing financial and operational indicators presented in US dollars to be less indicative of underlying business performance.

About the company

Sea Limited is an Internet service provider for consumers. Digital entertainment, e-commerce, and digital payments and financial services are the three categories in which the company works. Garena, Shopee, and SeaMoney are among its enterprises. Garena’s platform provides mobile and PC online games, as well as mobile game development for the worldwide market. The company is a Singapore-based technology corporation. Sea Limited, founded in 2009, is a holding company for Shopee, SeaMoney, Garena, and the Singapore Premier League football team Lion City Sailors FC. It employs over 33,000 people.

It gives access to e-sports as well as other entertainment material and social elements such as live games streaming, user chat, and online forums. Shopee’s platform is a socially driven mobile marketplace. It provides consumers with a purchasing experience that includes integrated payment, logistics, and vendor services. Individuals and organizations can use SeaMoney for a variety of payment services and loans. It also works with third-party merchants and covers a variety of consumption scenarios.

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