Sea reverses from red with Q4 earnings of US$237.6 million; guides higher 2025 growth, profitability for Shopee
Revenue for period is up 36.9% on year at US$5 billion
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TECHNOLOGY company Sea on Tuesday (Mar 4) announced a net profit of US$237.6 million for the three months ended December 2024, reversing from a loss of US$111.6 million in the corresponding year-ago period.
However, its earnings did not meet the estimate of US$239.3 million in a Bloomberg poll of 11 analysts.
Revenue for the fourth quarter was US$5 billion, up 36.9 per cent year on year from US$3.6 billion. This beat the consensus estimate of US$4.7 billion in a 14-analyst Bloomberg poll.
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