Sea ( (SE) ) has provided an announcement.
Sea Limited reported a strong financial performance for the fourth quarter and full year of 2024, achieving significant growth across its three main business segments. The company saw a 36.9% year-on-year increase in total GAAP revenue for the fourth quarter, reaching US$5.0 billion, and a total net income of US$237.6 million, a substantial improvement from a net loss in the previous year. E-commerce GMV surpassed US$100 billion, with Shopee achieving profitability in Asia and Brazil. The digital financial services segment experienced over 60% growth in its loan book, while Garena’s digital entertainment saw a 34% increase in annual bookings, driven by the resurgence of Free Fire. These results underscore Sea Limited’s robust market positioning and its ability to deliver profitable growth, with expectations for continued expansion in 2025.
More about Sea
Sea Limited is a prominent player in the digital economy, operating in the e-commerce, digital financial services, and digital entertainment sectors. The company is known for its platforms like Shopee in e-commerce, SeaMoney in financial services, and Garena in digital entertainment, with a strong market presence in Southeast Asia and beyond.
YTD Price Performance: 21.36%
Average Trading Volume: 3,520,125
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.1B
For detailed information about SE stock, go to TipRanks’ Stock Analysis page.