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Sea Stock Soars 13.16% on Q1 Profit Surge

Mover TrackerTuesday, May 13, 2025 7:22 am ET

1min read

On May 13, 2025, Sea's stock surged by 13.16% in pre-market trading, reflecting a significant boost in investor confidence.

Sea reported a swing to a profit in the first quarter of 2025, with earnings of $0.65 per diluted share, compared to a loss of $0.04 a year earlier. This turnaround was driven by a 29.6% increase in total GAAP revenue to $4.8 billion, and a 30.2% rise in total gross profit to $2.2 billion. The company's total net income reached $410.8 million, while total adjusted EBITDA stood at $946.5 million.

Sea's e-commerce platform, Shopee, saw a 21.5% increase in gross merchandise value (GMV) to $28.6 billion, with GAAP revenue from the marketplace segment rising by 28.3% to $3.5 billion. The digital financial services segment also performed well, with GAAP revenue increasing by 57.6% to $787.1 million and adjusted EBITDA rising by 63.1% to $241.4 million. The non-performing loans ratio remained stable at 1.1%.

In the digital entertainment segment, bookings increased by 51.4% to $775.4 million, while GAAP revenue rose by 8.2% to $495.6 million. Adjusted EBITDA in this segment reached $458.2 million, representing 59.1% of bookings. The company's quarterly active users grew by 11.3% to 661.8 million, with quarterly paying users increasing by 32.2% to 64.6 million.

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