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Dec 31, 2024
Sea Q4 2024 Earnings Report
Sea reported strong Q4 2024 results with a return to profitability and double-digit growth across all segments.
Key Takeaways
Sea Limited's Q4 2024 revenue grew 36.9% year-over-year to $5.0 billion, with significant improvements in profitability. The company reported net income of $237.6 million, compared to a net loss of $111.6 million in Q4 2023. Strong performance in e-commerce, digital financial services, and digital entertainment contributed to the results.
Q4 2024 revenue grew 36.9% Y/Y to $5.0 billion.
Net income reached $237.6 million, reversing a $111.6 million loss in Q4 2023.
E-commerce revenue increased 41.3% Y/Y to $3.7 billion.
Digital entertainment bookings rose 19% Y/Y to $543.2 million.
Revenue by Segment
Forward Guidance
Sea expects continued revenue growth in 2025, particularly in Shopee and SeaMoney, with further improvements in profitability.
Positive Outlook
- Shopee GMV expected to grow around 20% in 2025.
- SeaMoney loan book projected to grow faster than Shopee GMV.
- Garena aims for double-digit growth in user base and bookings.
- Expansion in financial services and deeper credit penetration planned.
- Strengthened balance sheet supports continued investments.
Challenges Ahead
- Intensifying competition in e-commerce and gaming.
- Potential regulatory challenges in key markets.
- Macroeconomic uncertainties could affect consumer spending.
- Rising operating expenses to support growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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