Sea Limited reported Q2 2025 consolidated GAAP revenue of US$4.8 billion, a 33.7% year-over-year increase, with adjusted EBITDA rising 90% to US$829 million.
02
Digital Financial Services (DFS) revenue surged 94% year-over-year to US$3.8 billion, fueled by a 90% increase in loans principal outstanding and a stable non-performing loan ratio of 1.0%.
03
E-commerce revenue reached US$3.5 billion, a 7% quarter-over-quarter increase driven by higher gross merchandise volume and improved ad take rates.
04
Digital entertainment revenue grew 23% year-over-year to US$5.8 billion, supported by the Free Fire title maintaining a global active user base of over 100 million.
05
The company expanded its financial footprint in Southeast Asia and Brazil, with On-Shopee loans reaching US$6.9 billion and the Malaysian loan book surpassing US$1 billion.
06
The three core segments of e-commerce, digital financial services, and digital entertainment collectively accounted for 79% of the company's total revenue growth.
Insights
01
Sea Limited reported Q2 2025 consolidated GAAP revenue of US$4.8 billion, a 33.7% year-over-year increase, with adjusted EBITDA rising 90% to US$829 million.
02
Digital Financial Services (DFS) revenue surged 94% year-over-year to US$3.8 billion, fueled by a 90% increase in loans principal outstanding and a stable non-performing loan ratio of 1.0%.
03
E-commerce revenue reached US$3.5 billion, a 7% quarter-over-quarter increase driven by higher gross merchandise volume and improved ad take rates.
04
Digital entertainment revenue grew 23% year-over-year to US$5.8 billion, supported by the Free Fire title maintaining a global active user base of over 100 million.
05
The company expanded its financial footprint in Southeast Asia and Brazil, with On-Shopee loans reaching US$6.9 billion and the Malaysian loan book surpassing US$1 billion.
06
The three core segments of e-commerce, digital financial services, and digital entertainment collectively accounted for 79% of the company's total revenue growth.