Google, Temasek and Bain & have released the 9th edition of the e-Conomy SEA report titled, 'Profits on the Rise, Harnessing SEA’s Advantage'.
Even as you check out the report, I would recommend you see this analysis DealStreetAsia did last week: https://lnkd.in/gzbFsqrx
My colleagues - Andi Haswidi, Corry Anestia and Marsya Nabila looked at the data - the actual financials filed by companies.
Some takeaways
⏹️ Among the 922 venture-backed companies analyzed, 54.4% reported year-over-year revenue growth, indicating that more than half are gaining traction in their markets.
⏹️ On the profitability front, 16.8% of the sampled companies reported a positive net income in their latest financial year. Among these, over half, or 8.9% of the total sample, turned to profit after securing a loss in their previous financial year.
But here is the catch: When viewed year-over-year, the overall proportion of profitable companies has increased only marginally, rising from 143 in the previous financial year to 155 in the latest financial year, as 7.6% of the total sample shifted from profitability to loss-making. This relatively marginal growth in profitable companies suggests that, despite some successes, structural challenges persist, preventing a more substantial increase in overall financial health across the startup ecosystem in Southeast Asia.
Check out the story for SEA's most profitable tech-backed companies and other details.
All of this data is from DealStreetAsia's Data Vantage. Drop me a note, and we'll be happy to set up a corporate subscription for your whole team: https://lnkd.in/gxNJZgJn
DealStreetAsia's Data Vantage package includes 36 research reports annually! https://lnkd.in/gbXr6ff9
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1wInterested to work here as a business development associate