Sea Limited (NYSE:SE) saw its shares climb more than 4% intra-day today following a stellar fourth-quarter earnings report that exceeded revenue expectations. The Southeast Asian tech giant posted strong performances in both its e-commerce and digital financial services divisions, reinforcing its growth trajectory.
For the quarter, Sea reported revenue of $4.95 billion, easily outpacing the consensus estimate of $4.62 billion. However, adjusted earnings per share (EPS) came in at $0.39, missing the expected $0.41.
The company’s e-commerce arm, Shopee, experienced a significant boost, with gross merchandise value (GMV) soaring 23.5% year-over-year to $28.6 billion, alongside a 20.1% increase in gross orders, reaching 3 billion. Meanwhile, its digital financial services segment demonstrated exceptional growth, with revenue surging 55.2% year-over-year to $733.3 million.
For the full year 2024, Sea achieved total revenue of $16.8 billion, marking a 28.8% year-over-year increase. The company also reached a net profit of $447.8 million, a major improvement from the $162.7 million net profit recorded in 2023.
Looking ahead to 2025, Sea anticipates Shopee’s GMV to grow by approximately 20%, with an emphasis on increasing profitability. Additionally, its digital entertainment arm, Garena, is expected to achieve double-digit growth in both user base and bookings, further solidifying the company’s position in the industry.