Sea Limited's Revenue Soars 36.4% to $22.9 Billion in 2025, Fueled by Shopee, Monee, and Garena Growth

Sea reported a robust full-year 2025 revenue of $22.9 billion, marking a 36.4 percent year-on-year increase.

CEO Forrest Li highlighted that 2025 was a great year, with all businesses scaling well and exceeding initial growth expectations.

Financial Highlights

Gross profit rose 42.2 percent to $10.2 billion, while net income jumped to $1.6 billion from $447.8 million in 2024.

Adjusted EBITDA surged 75.2 percent to $3.4 billion, underscoring improved profitability across operations.

Segment Performance Breakdown

Shopee, the e-commerce arm, generated $16.6 billion in revenue, up 33.4 percent, supported by 13.9 billion gross orders and $127.4 billion GMV.

The platform reached approximately 400 million active buyers and 20 million sellers, driving sustainable growth in Southeast Asia.

Monee, the fintech segment, saw revenue climb 60.1 percent to $3.8 billion, with over 20 million unique first-time borrowers.

Garena's gaming revenue increased 26.1 percent to $2.4 billion, connecting with over 100 million daily players on average.

Q4 Momentum and Future Outlook

In Q4 2025, total revenue hit $6.9 billion, up 38.4 percent year-on-year.

Looking to 2026, Sea plans to maintain operational excellence, targeting about 25 percent GMV growth for Shopee while keeping adjusted EBITDA at least at 2025 levels.

This performance solidifies Sea's leadership in the region's digital economy, evolving from pandemic-era challenges to consistent profitability.

Analysts note Monee's strong positioning to leverage AI-driven payments for further expansion.