Sea Limited Reports Strong Q1 2025 Growth

Sea Ltd ( (SE) ) has released its Q1 earnings. Here is a breakdown of the information Sea Ltd presented to its investors.

Sea Limited, a leading global consumer internet company based in Singapore, operates in digital entertainment, e-commerce, and digital financial services through its brands Garena, Shopee, and Monee, respectively. The company has a significant presence in Southeast Asia, Taiwan, and Latin America.

In its first quarter of 2025, Sea Limited reported robust financial results with significant growth across all its business segments. The company achieved a total GAAP revenue of $4.8 billion, marking a 29.6% increase year-on-year, and a net income of $410.8 million, a substantial turnaround from a net loss in the previous year.

Key highlights include Shopee’s record-high gross merchandise value (GMV) and order volume, contributing to a 28.3% increase in e-commerce revenue. The digital financial services segment, rebranded as Monee, saw a 57.6% rise in revenue, driven by the expansion of its credit business. Garena, Sea’s digital entertainment arm, experienced a 51.4% increase in bookings, fueled by successful collaborations and an expanding user base.

The company’s adjusted EBITDA more than doubled to $946.5 million, reflecting improved profitability across its segments. Sea’s strategic focus on enhancing price competitiveness, service quality, and content ecosystem has bolstered its market position and financial performance.

Looking ahead, Sea Limited’s management remains optimistic about achieving its full-year guidance, emphasizing continued growth and resilience in its business operations. The company aims to sustain its momentum by expanding its digital entertainment portfolio and strengthening its financial services offerings.