Sea Limited is a triple threat in the digital economy, and it's often called the Amazon of Asia.Sea Limited (SE 8.74%) is a technology conglomerate based in Singapore. It operates the largest e-commerce platform in Southeast Asia, a globally recognized game development studio, and a booming digital financial-services business. In fact, many Wall Street analysts refer to the company as the "Amazon of Asia" because of its diverse presence in the digital economy.Sea Limited stock has soared by 40% this year, c ...

Key Takeaways Sea Limited posted 38.3% revenue growth in Q3 but missed earnings expectations.Shopee, Monee and Garena each delivered strong year-over-year gains across key metrics.Competitive pressure in Southeast Asia and Latin America adds challenges to SE's outlook.Sea Limited’s (SE) latest results highlight why investors should hold the stock despite its third-quarter earnings miss. The company delivered strong top-line expansion, with revenues rising 38.3% year over year, driven by sustained Gross Merc ...

Nov 17, 2025 3:00 AM Eastern Standard Time Sea Limited Announces Share Repurchase Program Share The program demonstrates the Company's confidence in its long-term prospects and allows the Company to opportunistically repurchase its shares. SINGAPORE--(BUSINESS WIRE)--Sea Limited (NYSE: SE) ("Sea†or the "Company†) today announced that its board of directors has authorized a share repurchase program under which Sea may repurchase up to US$1 billion of its American depositary shares ("ADS†), each represent ...

东南亚小腾讯Sea于 11 月 11 日晚美股盘前，交付了 3 季度业绩答卷。概括来看，本季业绩属于亮点与缺陷共存。首先是增长仍然非常强劲，三大板块的 营收和业务增长都超预期的好。 但因公司开始更侧重于增长而非利润，随着毛利环比收窄，以及费用支出维持较高增长，本季各板块的利润率都在边际变差，具体来看： 1、GMV 依然强劲，但并非由量驱动：最重要Shopee 电商板块的 GMV 本季同比增速仍达 28.3%。比上季继续略有提速，也超出卖方预期的 25.4%，无 疑 任然 相当强劲。 只是略显瑕疵的是，本季超预期主要是由客单价的修复驱动，而单量增速是环比走低的（上季 32% vs. 本季 29%）。并没能明确地验证，在增加投入和物 流补贴后，电商订单量持续加速，这 个 市场期待的看多信号。 2、佣金变现走高，但物流变现下降：由于东南亚各主要平台仍在携手提高变现，本季Shopee 整体平台变现率达到了 11.9%，环比提升了幅度是 23 年以 来最高的一次。在此带动下，本季 Shopee 平台型收入的增速高达 37%，环比提速了整 3pct。 更细来看，本季是佣金性变现率环比大幅提升了 0.9pct，而以物流为主 ...

Key Takeaways Sea Limited posted Q3 adjusted EPS of $0.78, up 44% year over year but below consensus estimates.Revenues rose 38.3% to $6B, driven by growth in e-commerce and digital financial services segments.Adjusted EBITDA climbed 68% to $874M, with margins expanding 260 basis points year over year.Sea Limited (SE) reported adjusted earnings of 78 cents per share in the third quarter of 2025, which increased 44.4% from the year-ago quarter but missed the Zacks Consensus Estimate by 24.27%.Revenues of $6 ...

12 November 2025 | 2:10AM SGT Equity Research Sea Ltd. (SE) 3Q25 Earnings Review: Robust momentum & market share intact; Buy SE 12m Price Target: $218.00 Price: $155.05 Upside: 40.6% Sea printed a strong 3Q25 as Shopee sustained its robust momentum with GMV +8% qoq/+28% yoy and management raising its FY25 GMV growth guidance from 20% to 25%. Management reiterated its prior messaging for growth to remain priority into next year - while margins may fluctuate qoq (observed this quarter, as we had expected), Sh ...

Core Insights - Sea Limited reported strong financial results for Q3 2025, with total GAAP revenue reaching US$6.0 billion, a 38.3% increase year-on-year [7][11] - The company aims to sustain high and profitable growth across its three core businesses: e-commerce, digital financial services, and digital entertainment [2][3] E-commerce - Shopee achieved record-setting quarterly GMV, gross order volume, and revenue, with a projected full-year GMV growth of over 25% for 2025 [3] - E-commerce GAAP revenue increased by 36.6% to US$3.8 billion, driven by GMV growth [16] - Gross orders totaled 3.6 billion, up 28.4% year-on-year, with total GMV at US$32.2 billion, also reflecting a 28.4% increase [7] Digital Financial Services - Monee reported a GAAP revenue increase of 60.8% to US$989.9 million, primarily due to growth in the consumer and SME credit business [7][16] - The principal outstanding for consumer and SME loans reached US$7.9 billion, a 69.8% increase year-on-year [7] - Adjusted EBITDA for digital financial services was US$258.3 million, up 37.5% year-on-year [7] Digital Entertainment - Garena's bookings increased by 51% year-on-year, marking the best quarter since 2021, with a strong performance driven by campaigns for Free Fire [3][7] - Digital entertainment GAAP revenue rose by 31.2% to US$653.0 million, attributed to an increase in active users and deeper paying user penetration [16] - The segment is on track to achieve over 30% year-on-year growth in bookings for 2025 [3] Financial Performance - Total gross profit for the quarter was US$2.6 billion, up 39.7% year-on-year [7] - Total adjusted EBITDA reached US$874.3 million, a 67.7% increase from the previous year [7] - Net income for Q3 2025 was US$375.0 million, compared to US$153.3 million in Q3 2024, reflecting a 144.6% increase [25][7] User Metrics - Quarterly active users reached 670.8 million, a 6.7% increase year-on-year, while quarterly paying users grew by 31.2% to 65.9 million [10] - The average bookings per user increased to US$1.25 from US$0.89 in the previous year [10]

Core Insights - Sea Limited plans to announce its third quarter 2025 results on November 11, 2025, before the U.S. market opens [1] - The company will host a conference call to discuss these results, with a live webcast available on its website [1] Company Overview - Sea Limited, founded in Singapore in 2009, is a leading global consumer internet company [2] - The company operates three core businesses: Garena (digital entertainment), Shopee (e-commerce), and Monee (digital financial services) [2] - Garena is recognized as a leading global online games developer and publisher [2] - Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan, with a significant presence in Latin America [2] - Monee is a prominent digital financial services provider in Southeast Asia, expanding its footprint in Brazil [2]

Core Insights - Sea Limited (SE) shares have increased by 53.3% year to date, outperforming the broader Zacks Computer and Technology sector's 23% and the Zacks Internet – Software industry's 18% [1][10] E-commerce Performance - Shopee achieved a record-breaking quarter with e-commerce revenues rising 33.7% year over year to $3.8 billion in Q2 2025, driven by increased active buyers and higher ad take rates [4] - Gross Merchandise Value (GMV) grew by 25% in the first half of 2025, indicating strong market engagement and profitability improvements across Asia and Brazil [4] Digital Entertainment Growth - Garena's Digital Entertainment revenues increased by 28.4% year over year, with bookings up 23.2%, primarily due to rising user engagement and a growing paying-user base [5] - Free Fire maintained over 100 million daily active users, contributing significantly to Garena's performance alongside other titles [5] Digital Financial Services Expansion - Digital Financial Services revenues surged by 70% year over year, with the loan book expanding by 94% while maintaining a low 90-day non-performing loan (NPL) ratio of 1.0% [6] - Malaysia joined Indonesia and Thailand as a market exceeding $1 billion in loans, showcasing strong growth in personal loan adoption [6] Financial Strength and Liquidity - Sea Limited has $7.2 billion in short-term investments and $2.17 billion in cash as of June 30, 2025, providing exceptional liquidity for reinvestment and strategic debt reduction [8] - The company reported $2.37 billion in operating cash flow during the first half of 2025, reinforcing its financial resilience [8] Revenue and Earnings Estimates - The Zacks Consensus Estimate for SE's 2025 revenues is $23.2 million, reflecting a year-over-year increase of 36.97% [11] - The consensus for 2025 earnings is projected at $4.04 per share, indicating a significant year-over-year growth of 140.48% [11] Investment Outlook - With strong growth across its core businesses and a solid balance sheet, Sea Limited is positioned as an attractive investment opportunity [12]

Group 1 - Sea Limited (NYSE: SE) experienced a significant decline in share price, dropping 9.56% to $163.42 amid a lack of buying catalysts [1] - The company reported a 93% decrease in net income attributable to shareholders, amounting to $58.2 million compared to $809 million in the same period last year [3] - Revenues for Sea Limited fell by 25%, from $10.1 billion to $7.5 billion year-on-year [3] Group 2 - Sea Limited operates three core businesses: digital entertainment (Garena), e-commerce (Shopee), and digital financial services (Monee) [2] - The company is expected to release its third-quarter earnings results in the second week of November 2025 [2]