Sea Limited Reports Strong 2024 Growth and Profitability

Sea Limited celebrates solid 2024 results driven by impressive growth across its e-commerce and digital financial segments. The company achieved substantial revenue and profitability milestones, highlighting its competitive edge in the market.

Date: 05-03-2025

AI Rating: 8

Financial Performance Highlights
Sea Limited has reported strong results for the fourth quarter and full year of 2024. The company's total GAAP revenue soared 37% year-on-year to $5 billion in Q4, driven largely by growth in its e-commerce operations, specifically the Shopee platform. The e-commerce segment generated substantial revenue with a GMV of $28.6 billion for Q4 and experienced significant growth of 23% year-on-year.

**Earnings Per Share (EPS)**
While the EPS is not explicitly mentioned in this report, the increase in net income, which was $238 million for Q4, from a loss of $112 million in the prior year, indicates a positive trajectory that may reflect positively on EPS in future disclosures.

**Adjusted EBITDA**
The report highlights that Sea's total adjusted EBITDA reached $591 million in the fourth quarter of 2024 compared to $127 million in the same quarter of 2023. This significant increase suggests efficient cost management and operational scalability across their business segments, particularly in e-commerce and digital financial services, which also posted adjusted EBITDA growth.

**Digital Financial Services**
SeaMoney’s contribution to total revenue grew robustly with a year-on-year increase of over 30%, particularly in the loan segment, which expanded the loan book to over $5 billion. This growth is critical, as it indicates a strengthening position in Southeast Asia’s financial services sector and reflects successful customer acquisition strategies.

**Net Income**
Overall, net income for 2024 was reported at $448 million, up from $163 million in 2023, indicating strong operational profitability and persistence in growth strategies that are yielding favorable financial results.

**Return on Equity (ROE)**
The report lacks direct mention of ROE, however, the profitability and growth in both revenue and net income suggest a potentially improving ROE in future assessments.

In summary, Sea Limited's 2024 performance shows a robust recovery and growth strategy with successful execution across its e-commerce and financial services, likely to resonate positively with investors. Given the substantial revenue growth and strengthened profitability, Sea Limited is well-positioned for continued momentum in 2025.

Stocks: SE