2D·

Sea Limited Q2 2025 Earnings

$SE (+0%)


📊 Financial Highlights

• Revenue: $5.26B (+38.2% Y/Y)

• Gross Profit: $2.41B (+52.1% Y/Y)

• EPS (Diluted): $0.65 🟢 (vs. $0.14 Y/Y)

• Net Income: $414.2M (+418% Y/Y)

• Adj. EBITDA: $829.2M (+84.9% Y/Y)

🛒 E-commerce (Shopee)

• Gross Orders: 3.3B (+28.6% Y/Y)

• GMV: $29.8B (+28.2% Y/Y)

• Revenue: $3.8B (+33.7% Y/Y)

• Core Marketplace Revenue: $2.6B (+46.2% Y/Y)

• Adj. EBITDA: $227.7M (vs. -$9.2M Y/Y)


💳 Digital Financial Services (Monee)

• Revenue: $882.8M (+70% Y/Y)

• Adj. EBITDA: $255.3M (+55% Y/Y)

• Loan Book: $6.9B (+94% Y/Y)

• NPL (>90 days): 1.0% (Stable Q/Q)

🎮 Digital Entertainment (Garena)

• Bookings: $661.3M (+23.2% Y/Y)

• Revenue: $559.1M (+28.4% Y/Y)

• Adj. EBITDA: $368.2M (+21.6% Y/Y) • Margin 55.7%

• Paying Users: 61.8M (+17.8% Y/Y) • Ratio 9.3% (vs. 8.1%)

📌 Guidance

• Garena bookings expected to grow >30% in FY25

• Continued profitable growth in Asia & Brazil E-commerce markets

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