- Sea achieves profitability milestone through strong e-commerce performance
- Shopee reaches positive EBITDA across Asian and Brazilian operations
- Company demonstrates growth across e-commerce, fintech, and gaming divisions
Dramatic Financial Turnaround
Singapore’s Sea Limited reports significant financial transformation, posting $153.3 million net income compared to previous year’s $144 million loss.
Total revenue surges 30.8% to $4.3 billion, driven by robust e-commerce performance and digital financial services growth.
E-commerce Momentum
Shopee demonstrates strong market position through 25.2% GMV growth to $25.1 billion, generating $3.2 billion revenue.
Platform achieves profitability breakthrough both in Asia and Brazil markets, posting positive adjusted EBITDA of $34.4 million versus previous year’s $346.5 million loss.
Diversified Growth Streams
Digital financial services show impressive growth trajectory, revenues up 38% to $615.7 million, boosted by consumer and SME credit operations.
Gaming division Free Fire expected to exceed 30% annual bookings growth, despite gaming revenue decline to $497.8 million from $592.2 million year-over-year.
