🚀 Sea Limited ($SE) Explodes: Q2 Revenue Rockets 38% to $5.3B as Every Segment Crushes It

Sea Limited just flexed its muscles—and Wall Street's taking notes. The Singaporean tech giant's Q2 revenue hit $5.3 billion, a blistering 38% surge year-over-year. No weak links here: gaming, e-commerce, and fintech all fired on cylinders.

Garena’s gaming arm? Printing money. Shopee’s e-commerce engine? Outpacing rivals. SeaMoney’s fintech? Eating traditional banks’ lunch. Meanwhile, analysts scramble to upgrade price targets—better late than never, right?

But let’s be real: in a world where 'growth at all costs' still seduces investors, Sea’s balancing act between hyper-scaling and profitability remains the ultimate tightrope walk. One slip, and those paper gains vanish faster than a meme stock rally.

TLDR

• Stock up 19.72% to $175.07 as of 10:54 AM EDT following Q2 earnings release.
• Revenue: $5.3B, up 38.2% YoY, beating $5.12B estimates.
• EPS miss: $0.65 diluted vs. $0.99 expected.
• Shopee GMV: $29.8B, up 28.2% YoY; market leader in Brazil by order volume.
• Garena bookings: Up 23.2% with raised full-year guidance.

On August 12, 2025, Sea Limited (NYSE: SE) reported its second-quarter results, sending its shares surging 19.72% to $175.07 as of 10:54 AM EDT.

Sea Limited (SE)

While the company missed earnings-per-share expectations with diluted EPS of $0.65 versus $0.99 forecast, revenue growth and segment performance surpassed market predictions.

Sea’s total GAAP revenue reached $5.3 billion, a 38.2% year-over-year increase, exceeding estimates of $5.12 billion. Net income came in at $414.2 million, up sharply from $79.9 million a year ago. Gross profit ROSE 52.1% YoY to $2.4 billion.

Sea Limited, $SE, Q2-25. Results:

📊 EPS: $0.65 🔴
💰 Revenue: $5.26B 🟢
📈 Net Income: $414.2M
🔎 Strong growth across all segments, with Shopee hitting another record-breaking quarter and Monee showing robust credit expansion and high asset quality. pic.twitter.com/LMaafAPBW2

— EarningsTime (@Earnings_Time) August 12, 2025

E-Commerce Growth Driven by Shopee

The e-commerce segment delivered $3.8 billion in revenue, up 33.7% YoY, fueled primarily by Shopee’s continued market expansion. Gross merchandise value (GMV) grew 28.2% to $29.8 billion, while gross orders increased 28.6% to 3.3 billion.

Shopee’s success in Brazil, celebrating its five-year anniversary, marked a milestone as it became the country’s market leader by order volume. Core marketplace revenue rose 46.2% to $2.6 billion, while logistics-related value-added services revenue edged up 2.9% to $743 million.

Digital Financial Services Sees 70% Revenue Jump

The digital financial services segment, led by Monee, achieved $882.8 million in GAAP revenue, a 70% YoY rise. This growth was supported by expansion in the consumer and SME credit business, with outstanding loans increasing 94% to $6.9 billion. Non-performing loans over 90 days past due remained low at 1.0%.

Adjusted EBITDA for the segment rose 55% to $255.3 million, underscoring improved efficiency and profitability.

Gaming Segment Expands on Free Fire Success

Garena, Sea’s digital entertainment arm, posted $559.1 million in GAAP revenue, up 28.4% YoY. Bookings climbed 23.2% to $661.3 million, supported by a growing user base of 664.8 million active users and a higher paying user ratio of 9.3%.

Management raised full-year guidance for Garena, forecasting bookings growth above 30% YoY, driven by Free Fire’s sustained global appeal and new genre expansion.

Outlook

CEO Forrest Li emphasized confidence in delivering another strong year, citing high market potential and the company’s focus on growth as a pathway to long-term profitability. With raised guidance for Garena, continued Shopee momentum in Asia and Brazil, and robust credit expansion, Sea Limited’s diversified business model positions it for sustained success in the coming quarters.