4Semana·

Sea Limited Q4 Earnings Highlights

$SE (-8,88 %)


🔹 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."

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