Welcome to our dedicated page for Sea news (Ticker: SE), a resource for investors and traders seeking the latest updates and insights on Sea stock.
Sea Limited (SE) operates at the forefront of Southeast Asia's digital economy through its Shopee e-commerce platform, Garena gaming division, and SeaMoney fintech services. This dedicated news hub provides investors and stakeholders with comprehensive access to official company announcements and verified market developments.
Track critical updates including quarterly financial results, strategic partnerships, product launches, and leadership changes. Our curated feed ensures timely access to operational milestones across Sea's integrated ecosystem of mobile-first commerce, digital entertainment, and financial technology solutions.
Key coverage areas include Shopee's marketplace innovations, Garena's gaming content expansions, and SeaMoney's financial service enhancements. All content is sourced directly from company filings and authorized communications to maintain accuracy.
Bookmark this page for streamlined monitoring of Sea's progress in shaping Southeast Asia's digital landscape. Combine our updates with SEC filings and earnings call transcripts for complete investment analysis.
Sea (NYSE: SE) reported strong Q4 and full year 2024 results with all three business segments achieving double-digit growth. Total GAAP revenue reached US$5.0 billion in Q4 (+36.9% YoY) with net income of US$237.6 million, compared to a net loss of US$111.6 million in Q4 2023.
Key highlights include:
- E-commerce (Shopee) GMV grew 28% YoY to over US$100 billion, with positive adjusted EBITDA in Asia and Brazil
- Digital Financial Services loan book grew 60%+ YoY to US$5 billion
- Digital Entertainment (Garena) bookings increased 34% YoY
For 2024, the company reported:
- Total revenue of US$16.8 billion (+28.8% YoY)
- Net income of US$447.8 million (vs US$162.7 million in 2023)
- Total adjusted EBITDA of US$2.0 billion (vs US$1.2 billion in 2023)
Sea (NYSE: SE) has announced it will release its fourth quarter and full year 2024 financial results before the U.S. market opens on March 4, 2025. The company will host a conference call and live webcast to discuss the results on the same day at 7:30 AM U.S. Eastern Time (8:30 PM Singapore/Hong Kong Time). A replay of the conference call and archived webcast will be available on Sea's investor relations website.
Sea (NYSE: SE) reported strong Q3 2024 results with total GAAP revenue reaching US$4.3 billion, up 30.8% year-on-year. The company achieved net income of US$153.3 million, compared to a net loss of US$144.0 million in Q3 2023. E-commerce segment showed significant growth with GMV increasing 25.2% to US$25.1 billion. Digital Financial Services saw loan book growth of over 70% year-on-year while maintaining stable NPL ratio. Gaming division Free Fire's bookings are expected to grow over 30% year-on-year. Cash position strengthened to US$9.9 billion as of September 30, 2024.
Sea (NYSE: SE) has scheduled its third quarter 2024 earnings announcement for November 12, 2024, before the U.S. market opens. The company will host a conference call and live webcast at 7:30 AM U.S. Eastern Time (8:30 PM Singapore/Hong Kong Time) on the same day to discuss the results. A replay of the conference call and archived webcast will be available on Sea's investor relations website.
Sea reported strong Q2 2024 results, with total GAAP revenue up 23% year-on-year to $3.8 billion. Key highlights include:
- E-commerce (Shopee) gross orders grew 40.3% YoY to 2.5 billion, with GMV up 29.1% to $23.3 billion
- Digital Entertainment (Garena) bookings increased 21.1% YoY to $536.8 million
- Digital Financial Services revenue rose 21.4% YoY to $519.3 million
The company expects Shopee to become adjusted EBITDA positive from Q3 2024 and raised full-year GMV growth guidance to mid-20%. Free Fire achieved over 100 million daily active users throughout Q2. Total net income was $79.9 million, down from $331.0 million in Q2 2023.
Sea (NYSE: SE) has announced that it will release its second quarter 2024 financial results on August 13, 2024, before the U.S. market opens. The company will host a conference call and live webcast to discuss the results on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Singapore/Hong Kong Time). Investors and analysts can access the webcast through the provided link. For those unable to attend the live event, a replay of the conference call will be available on Sea's investor relations website. This announcement provides an opportunity for stakeholders to gain insights into Sea 's financial performance and future outlook.
Sea (NYSE: SE) reported its financial results for Q1 2024, showing significant growth across all business segments. Total GAAP revenue increased by 22.8% year-on-year to $3.7 billion, with a gross profit of $1.6 billion, up 9.7% YoY.
E-commerce saw a 32.9% increase in revenue to $2.7 billion, with gross orders up 56.8% to 2.6 billion. Digital Financial Services revenue rose by 21.0% YoY to $499.4 million, with adjusted EBITDA up by 50.3% to $148.7 million. Digital Entertainment bookings grew by 10.8% YoY to $512.1 million, but GAAP revenue decreased by 15.1% to $458.1 million.
However, the company recorded a net loss of $23.0 million compared to a net income of $87.3 million in Q1 2023. Sales and marketing expenses surged by 92.3% to $769.6 million. Despite these challenges, Sea remains optimistic about its growth trajectory for 2024.
Sea (NYSE: SE) will release its first quarter 2024 results on May 14, 2024, before the U.S. market opens. The company's management will host a conference call to discuss the results, with a live webcast available on their website. A replay and archived webcast will also be accessible.
