Consumer internet firm Sea Limited tops Q3 revenue estimates on user growth, product expansion

Sea

11/11/2025 11:39

Overview

Sea Limited 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6 bln
$5.65 bln (13 Analysts)
Q3 EPS
$0.59
Q3 Net Income
$375 mln
Q3 Adjusted EBITDA
$874.30 mln
Q3 Gross Profit
$2.60 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 is $198.00, about 21.7% above its November 10 closing price of $155.05

Press Release: ID:nBwb5X7tNa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)