The Business Times
business-time-50

Sea swings into the black in Q1 with US$410 million profit on surge in Shopee, financial services earnings

Gaming arm Garena has best quarter since 2021, bookings up 51% to US$775m

Summarise
google-preferred-sourceAdd BT as a preferred source
Benjamin Cher

Benjamin Cher

Published Tue, May 13, 2025 · 07:29 PM
    • Revenue for the quarter rises 29.6% to US$4.8b from US$3.7b a year prior, a slight miss from US$4.88b to US$4.84b forecast by a Bloomberg poll of 14 analysts.
    • Revenue for the quarter rises 29.6% to US$4.8b from US$3.7b a year prior, a slight miss from US$4.88b to US$4.84b forecast by a Bloomberg poll of 14 analysts. PHOTO: REUTERS

    [SINGAPORE] Sea reported first-quarter 2025 earnings of US$410.8 million, reversing from a loss of US$23 million in Q1 2024 on Tuesday (May 13).

    Revenue for the quarter rose 29.6 per cent to US$4.8 billion from US$3.7 billion a year prior. This was a slight miss from US$4.88 billion to US$4.84 billion forecast by a Bloomberg poll of 14 analysts.

    “Our strong start to the year gives us more confidence in achieving our full-year guidance,” said Forrest Li, chairman and CEO of Sea.

    Sea Ltd

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The deal for the sale of Scotts Square mall, just off Orchard Road, is said to be in the early stages of being worked out, at a price of about S$320 million.

    Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    For the roughly 80% of South-east Asian conglomerates that are family-controlled, staging capital against tested validation is critical to survival.

    The factors that make South-east Asia’s top conglomerates stand out

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More