Sea Ltd

SE

Equity

ISIN null / Valor 38497535

New York Stock Exchange, Inc (2026-07-02)

USD 103.30+0.95%

Sea Ltd
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About company

Sea Ltd, a prominent global consumer internet company headquartered in Singapore, operates primarily through its three core businesses: digital entertainment, e-commerce, and digital financial services. The company is best known for its e-commerce platform, Shopee, which is a leading online shopping destination in Southeast Asia and Taiwan. Shopee has been actively expanding its reach and capabilities, notably through partnerships with organizations like OpenAI to enhance the shopping experience with AI-driven solutions. Additionally, Shopee has launched initiatives such as the Shopee International Platform to assist local sellers in expanding into regional markets, supported by Enterprise Singapore. In Indonesia, Shopee collaborates with government bodies to support micro, small, and medium enterprises (MSMEs) through programs that provide training, mentorship, and financial incentives. Sea Ltd also engages in community support activities, such as disaster preparedness efforts in the Philippines, demonstrating its commitment to leveraging technology for social impact.

Summarized from source with an LLMView SourceSector: Technology

Quarter financials

4Q 2025 GAAP revenue was $6.85B, operating income $565.2M and net income $410.9M. Consolidated adjusted EBITDA for the quarter was $787.1M. Gross cash (cash, equivalents and short‑term investments) was $10.5B at quarter end.

Full‑year 2025 results

FY 2025 revenue reached $22.94B and adjusted EBITDA was $3.44B. Operating income for FY 2025 was $1,985.3M and net income was $1,610.9M (all figures unaudited, per the report).

Shopee (e‑commerce) performance

Shopee delivered continued growth: 4Q 2025 Shopee revenue ~$4,974.6M, GMV grew ~27% YoY for FY 2025, GAAP take‑rate improved, and full‑year Shopee adjusted EBITDA was $880.6M. 4Q metrics highlighted higher monetization (ad revenue +>70% YoY in 4Q and ad take‑rate +>80 bps YoY), monthly active buyers +15% YoY, purchase frequency +10% YoY, and Shopee VIP subscribers surpassed 7 million.

Monee / SPayLater (digital financial services)

Monee continued fast expansion: loans principal outstanding rose to $9.2B (end of 4Q 2025), up ~80% YoY, with NPL90+ stable at ~1.1%. Monee GAAP revenue and adjusted EBITDA grew strongly (full‑year adjusted EBITDA > $1.0B). Off‑Shopee SPayLater loans grew >300% YoY and now account for over 15% of the SPayLater portfolio.

Garena & gaming

Garena bookings in 4Q 2025 rose YoY, with Free Fire remaining a major title—two consecutive years of bookings growth >30% and 2025 bookings nearly double 2023. Notable product and event highlights included NARUTO SHIPPUDEN collaborations, the Free Fire World Series (Guinness record), and the launch/early traction of EA Sports FC Mobile.

Segment profitability

4Q 2025 adjusted EBITDA by segment: Shopee $202.5M, Monee $263.1M, Garena $363.8M; unallocated expenses reduced consolidated operating leverage but consolidated adjusted EBITDA remained positive at $787.1M for the quarter.

Capital & risk position

Sea finished 4Q 2025 with $10.5B of gross cash and emphasized prudent risk management in lending—NPL90+ for consumer & SME loans stayed around 1.1%. Average loan outstanding per user rose to about $240 and active credit users surpassed 37 million.

Outlook / guidance notes

Sea stated a 2026 aim to grow Shopee’s annual GMV by about 25% YoY while targeting full‑year adjusted EBITDA for Shopee no lower in absolute dollar terms than 2025. The report contains forward‑looking statements and standard cautionary language.

Summarized from source with an LLMView Source

Key figures

-30.9%1Y

78.0%3Y

-62.3%5Y

Performance

50.3%1Y

52.7%3Y

64.3%5Y

Volatility