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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

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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.

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