🔹 EPS: $0.39 (Est. $0.41) 🔴
🔹 Revenue: $4.95B (Est. $4.62B) 🟢
FY25 Guidance:
🔹 Shopee GMV Growth: ~20%
🔹 Loan Book Growth: "Meaningfully faster than GMV"
🔹 Garena User Base & Bookings: "Double-digit growth"
Q4 Key Metrics:
🔹 Adjusted EBITDA: $590.9M ($126.7M YoY)
🔹 Net Income: $237.6M (-$111.6M YoY)
🔹 Gross Profit: $2.2B (+44.6% YoY)
Segment Performance (YoY):
E-commerce (Shopee)
🔹 GMV: $28.6B (+23.5%)
🔹 Revenue: $3.7B (+41.3%)
🔹 Adjusted EBITDA: $152.2M (-$225.3M YoY)
Digital Financial Services (SeaMoney)
🔹 Revenue: $733.3M (+55.2%)
🔹 Adjusted EBITDA: $211.0M (+42.1%)
🔹 Loan Book: $5.1B (+63.9%)
Digital Entertainment (Garena)
🔹 Bookings: $543.2M (+19.0%)
🔹 Revenue: $519.1M (+1.6%)
🔹 Adjusted EBITDA: $289.7M (+33.3%)
🔹 Quarterly Active Users: 618M (+16.9%)
🔹 Paying Users: 50.4M (+27.2%)
CEO Commentary:
🔸 "We delivered a great 2024, with all three businesses returning to strong, double-digit growth, exceeding our original guidance."
🔸 "Shopee achieved adjusted EBITDA profitability in both Asia and Brazil, and we expect continued profitable growth in 2025."
🔸 "SeaMoney's loan book grew over 60% YoY, making us one of the largest consumer lending businesses in Southeast Asia."
🔸 "Garena’s Free Fire made a remarkable comeback, with annual bookings growing 34% YoY."