1. Sea Limited (SE) – Earnings Review a. Demand * Beat gross merchandise value (GMV) estimates by 2%. Missed active user metrics by about 1%. * Beat revenue estimates by 6%. E-commerce beat by 6%

More content from this week: * Nu & Disney Earnings Reviews. * Shopify Earnings Review, & some Block Coverage Catch-up. * Portfolio Update More earnings reviews from the last three weeks: * Meta & Microsoft Earnings

Table of Contents * 1. Disney (DIS) – Earnings Review * a. Demand * b. Profits & Margins * c. Balance Sheet * d. Guidance & Valuation * e. Call & Release * f. Take * 2. Nu (NU) – Earnings Review * a.