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Sea Limited

SE · Communication Services

Last earnings Aug 11, 2026

Key results

Group Total GAAP revenuequarter

US$5.3 billion

Second Quarter 2025 Highlights Group Total GAAP revenue was US$5.3 billion, up 38.2% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Growthquarter

up 38.2%

Second Quarter 2025 Highlights Group Total GAAP revenue was US$5.3 billion, up 38.2% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Total net incomequarter

US$414.2 million

Total net income was US$414.2 million, as compared to total net income of US$79.9 million for the second quarter of 2024.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

GAAP revenuequarter

US$3.8 billion

GAAP revenue was US$3.8 billion, up 33.7% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Revenuequarter

33.6%

GAAP revenue included US$3.3 billion of GAAP marketplace revenue, which consists of core marketplace revenue and value-added services revenue and increased by 33.6% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Core marketplace revenue, mainly consisting of transaction-based fees and advertising revenues, was up 46.2% year-on-year to US$2.6 billion.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Value-added services revenue, mainly consisting of revenues related to logistics services, was up 2.9% year-on-year to US$743.0 million.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Financial Services GAAP revenuequarter

US$882.8 million

Digital Financial Services GAAP revenue was US$882.8 million, up 70.0% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

GAAP revenue was US$559.1 million, up 28.4% year-on-year.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

AI analysis

Q2 2025 · reported Aug 12, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

GAAP revenue · Q2 2025
US$3.8B
EX-99 · Aug 12, 2025
Total net income · Q2 2025
US$414.2M
EX-99 · Aug 12, 2025
Group Total GAAP revenue · Q2 2025
US$5.3B
EX-99 · Aug 12, 2025
Financial Services GAAP revenue · Q2 2025
US$882.8M
EX-99 · Aug 12, 2025

The quarter in charts

Segment mix

Business-unit revenue, as stated

0246US$5.3BGroup Total GAAPUS$882.8MFinancial Services GAAP

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2025Prior qtrYear ago
Group Total GAAP revenueUS$5.3 billion——
Growthup 38.2%——
Total net incomeUS$414.2 million——
GAAP revenueUS$3.8 billion——
Revenue33.6%——
Financial Services GAAP revenueUS$882.8 million——

EX-99 · Aug 12, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“Given all of this, we are raising our full-year guidance for Garena, and expect bookings to grow more than 30% in 2025, year-on-year.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Non-operating Income or Losses, Net Non-operating income or losses mainly consist of interest income, interest expense, investment gain (loss), foreign exchange gain (loss) and gain (loss) on debt extinguishment.

This was primarily attributable to an increase in bank deposits of US$445 million as well as net proceeds from other funding sources related to credit business of US$118 million, offset by the cash used in repurchase of convertible notes of US$233 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

It is exciting that our credit business is still in the early stages in many of our markets, reinforcing our strong conviction in Monee s long-term growth and earnings potential

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “Given all of this, we are raising our full-year guidance for Garena, and expect bookings to grow more than 30% in 2025, year-on-year.”

Company outlook — Raised (“raising”)
“Given all of this, we are raising our full-year guidance for Garena, and expect bookings to grow more than 30% in 2025, year-on-year.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Non-operating Income or Losses, Net Non-operating income or losses mainly consist of interest income, interest expense, investment gain (loss), foreign exchange gain (loss) and gain (loss) on debt extinguishment.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

This was primarily attributable to an increase in bank deposits of US$445 million as well as net proceeds from other funding sources related to credit business of US$118 million, offset by the cash used in repurchase of convertible notes of US$233 million.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Strategy & priorities

Given the high potential of our markets and the stage we are at in our business now, we will continue to prioritize growth, which will pave the way for us to maximize our long-term profitability.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Among other things, statements that are not historical facts, including statements about Sea s beliefs and expectations, the business, financial and market outlook, and projections from its management in this announcement, as well as Sea s strategic and operational plans, contain forward-looking statements.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Risks & headwinds

Forward-looking statements involve inherent risks and uncertainties.

SEC original ↗Sea Limited — Earnings release (6-K exhibit)EX-99Aug 12, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

T-Mobile US (TMUS) Communication ServicesRoblox (RBLX) Communication ServicesBaidu (BIDU) Communication ServicesAT&T (T) Communication ServicesSpotify Technology (SPOT) Communication ServicesComcast (CMCSA) Communication ServicesNetEase (NTES) Communication ServicesAppLovin (APP) Communication Services
Documents

Filings

81 documents

Earnings releases

49 documents

Presentations

0 documents

No presentations for Sea Limited are held in this edition of the library.

Transcripts

0 documents

No transcripts for Sea Limited are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Sea Limited by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.