Sea Ltd (NYSE:SE) reported fiscal fourth-quarter 2025 results that paired robust top-line growth with an earnings miss.
Quarterly revenue rose 38.4% year-on-year to $6.85 billion, ahead of analyst expectations of $6.45 billion. The company posted earnings per share of 63 cents, missing the consensus forecast of 66 cents.
• Sea shares are approaching critical lows. Why are SE shares at support?
Segment Performance
Sea generates revenue through three segments: Garena, Shopee and Monee.
Garena monetizes through in-game purchases and advertising; Shopee earns fees from transactions, seller services and ads; while Monee earns through transaction charges and financial products, including loans and insurance.
Shopee
Shopee’s quarterly revenue increased 35.8% to $4.3 billion, driven primarily by GMV growth.
Gross orders totaled 4 billion for the …