Sea Limited (NYSE:SE) reported a strong fourth-quarter revenue growth of 36.9% year-over-year, beating analyst estimates. The company’s earnings per share (EPS) increased to $0.39, up from a loss of $0.19 the previous year.
Digital Entertainment revenue rose 1.6% year-over-year to $519.06 million, with bookings improving by 19.0%. The segment saw a significant increase in quarterly active users to 618.0 million and average bookings per user to $0.88.
E-commerce and other services revenue surged 41.3% year-over-year to $3.7 billion, driven by a 49.8% growth in core marketplace revenue to $2.4 billion. Digital Financial Services revenue also increased 55.2% year-over-year to $733.3 million.
The company held $10.4 billion in cash and equivalents as of December 31, 2024. CEO Forrest Li stated that all three businesses achieved double-digit growth, exceeding original guidance. He expects Shopee’s full-year 2025 GMV growth to be around 20%, with improving profitability.
Sea Ltd also announced loan book growth of over 60% in the fourth quarter, surpassing $5 billion as of the end of 2024. The company projects double-digit growth for Garena in both user base and bookings in 2025.
The stock price has surged over 129% in the last 12 months, with Sea Ltd topping revenue estimates for six consecutive quarters. As of Tuesday’s premarket session, SE stock is up 6.49%.
Source: https://finance.yahoo.com/news/sea-q4-earnings-e-commerce-133512195.html