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

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer.

    Room for more offices, homes and green spaces to make Orchard Road more vibrant

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC.

    MAS revises takeover and merger code to enhance competition and disclosures

    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