Overview

* Sea Limited ( SE ) Q3 revenue grows 38.3% yr/yr, beating analyst expectations

* Net income for Q3 rises to $375 mln, driven by strong segment performance

* Shopee achieves record GMV and revenue, Garena bookings up 51% yr/yr

Outlook

* Sea expects Shopee's full-year 2025 GMV growth to exceed 25%

* Garena projected to achieve over 30% growth in 2025 bookings

Result Drivers

* ECOMMERCE GROWTH - Shopee achieved record GMV and revenue, driven by monetization gains and growth momentum

* FINANCIAL SERVICES EXPANSION - Monee's strong quarter fueled by user growth and product expansion, with stable portfolio quality

* DIGITAL ENTERTAINMENT CAMPAIGNS - Garena's bookings surged due to successful campaigns and increased user engagement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $6 bln $5.65

Revenue bln (13

Analysts

)

Q3 EPS $0.59

Q3 Net $375 mln

Income

Q3 $874.30

Adjusted mln

EBITDA

Q3 Gross $2.60

Profit bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Sea Ltd ( SE ) is $198.00, about 21.7% above its November 10 closing price of $155.05

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)