Loading...
•
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.
Sea
Sea
Sea Revenue by Segment
Revenue by Segment
E-commerce Revenue
CapyFin.comDigital Fin. Services Revenue
CapyFin.comDigital Entertainment Revenue
CapyFin.com 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.
- Continued investment in technology and marketing required.
Revenue & Expenses
Visualization of income flow from segment revenue to net income