NYSE$SE
Sea Ltd-ADR · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Sea Limited reported FY 2025 total revenue of $22.9B and net income of $1.6B.
For the year ended December 31, 2025, total revenue was $22.9 billion (32.5% CAGR from 2023) with net income of $1.6 billion versus $448 million in 2024. E-commerce and digital financial services drove growth while digital entertainment moderated as a share of revenue.
- Total revenue $22.9B.
- Net income $1.6B.
- Gross profit $10.2B.
- E-commerce ~63% of revenue mix.
Headline financials
Revenue & EPS history
Sea · Revenue · Quarterly
$22.9B
Forward guidance
Shopee growth, fintech penetration, and gaming bookings guide outlook on calls; 20-F discusses regulatory risks in Southeast Asia.
Tailwinds
- Profitable at scale after prior losses.
- E-commerce and fintech diversification.
Headwinds
- Gaming revenue mix declining.
- Emerging markets regulatory and FX risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+1.8%
Avg return
Earnings day
+3.3%
Avg return
5 days after
+5.3%
Avg return
30 days after
63%
20 / 32 earnings
Positive
+37.5%
Q4 2018
Best reaction
-28.8%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -23.4% | -4.5% | -2.5% | |
| Q3 2025 | -8.3% | +2.4% | -12.1% | |
| Q1 2025 | +8.1% | +13.4% | +8.6% | |
| Q4 2024 | +7.1% | +9.9% | -2.8% | |
| Q3 2024 | +7.7% | +5.6% | +20.3% | |
| Q2 2024 | +14.8% | +17.8% | +18.2% | |
| Q1 2024 | +6.5% | +14.4% | +15.7% | |
| Q4 2023 | +9.2% | +13.1% | +3.9% | |
| Q3 2023 | -16.4% | -18.4% | -18.2% | |
| Q2 2023 | -28.8% | -32.0% | -29.9% | |
| Q1 2023 | -17.8% | -21.2% | -28.6% | |
| Q4 2022 | +21.5% | +11.8% | +28.0% | |
| Q3 2022 | +28.3% | +24.3% | +33.3% | |
| Q2 2022 | -19.4% | -24.8% | -32.5% | |
| Q1 2022 | +5.5% | +13.3% | -1.8% | |
| Q4 2021 | -19.1% | -33.1% | -17.7% | |
| Q3 2021 | -8.3% | -9.6% | -37.5% | |
| Q2 2021 | +9.7% | +6.5% | +18.0% | |
| Q1 2021 | +3.6% | +12.6% | +29.4% | |
| Q4 2020 | +1.1% | -7.5% | -4.9% | |
| Q3 2020 | -7.3% | +2.7% | +11.1% | |
| Q2 2020 | +12.1% | +9.8% | +11.0% | |
| Q1 2020 | +10.2% | +27.5% | +72.4% | |
| Q4 2019 | +9.3% | +4.8% | -7.2% | |
| Q3 2019 | +13.5% | +17.4% | +20.3% | |
| Q2 2019 | -11.7% | -14.5% | -11.5% | |
| Q1 2019 | +22.1% | +16.2% | +25.2% | |
| Q4 2018 | +37.5% | +45.9% | +48.0% | |
| Q3 2018 | +0.8% | +1.6% | -13.5% | |
| Q2 2018 | +10.3% | +27.9% | +45.8% | |
| Q1 2018 | -10.0% | -12.1% | -8.1% | |
| Q3 2017 | -9.8% | -14.3% | -10.4% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — |
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