08:43 AM EST, 11/11/2025 (MT Newswires) -- Sea (SE) on Tuesday reported third-quarter revenue above market estimates amid robust sales growth across all three of the Shopee parent's business segments.

The Singapore-based digital entertainment and e-commerce company's revenue came in at $5.99 billion for the quarter ended Sept. 30, up from $4.33 billion a year ago. The consensus on FactSet was for $5.63 billion. Net income rose to $0.59 a share from $0.24 a year earlier.

Sea's New York Stock Exchange-listed shares ticked up 4.5% in the most recent premarket activity.

"After a very strong first half of the year, our momentum has continued into the third quarter," Chief Executive Forrest Li said in a statement. "With e-commerce and digital finance penetration in our markets still low but increasing, strong growth lays the best foundation to maximize our long-term profitability."

Revenue from the Shopee e-commerce business jumped 35% year over year to $4.3 billion, led by a 53% surge in core marketplace revenue, which consists of transaction-based fees and advertising revenue. Shopee's gross merchandise value, or GMV, climbed 28% to $32.2 billion.

"Our monetization gains, strong growth momentum, and healthy balance sheet have positioned us well to capture even more growth opportunities," according to Li. "With our strong performance year to date, we now expect Shopee's full-year 2025 GMV growth to be more than 25%."

Revenue from the digital financial services segment soared 61% to $989.9 million in the third quarter, mainly buoyed by growth of the company's credit business as its lending activities increased. Sea operates the Monee digital financial services platform that's active in southeast Asia and Brazil. Revenue from its Garena digital entertainment unit advanced 31% to $653 million as bookings grew 51%.

Quarterly active users for Garena, a game developer and publisher, increased 6.7% to 670.8 million. Quarterly paying users inclined 31% to 65.9 million, the company said.