Sea Surges 60% in 2025 on Robust Q2 Earnings

In the second quarter of 2025, Singaporean tech company Sea reported impressive financial results that sent its shares soaring. The company's revenue jumped nearly 40% year-over-year to $5.3 billion, while net income more than quintupled to $414.2 million compared to the same period in 2024.

Sea's CEO Forrest Li credited the strong performance to continued momentum across all three of the company's business divisions - e-commerce platform Shopee, video game developer Garena, and fintech unit Monee. Each segment posted double-digit percentage growth in revenue.

Shopee, Sea's flagship e-commerce platform, remains the biggest contributor to the company's overall business, accounting for 72% of total revenue. Shopee's gross merchandise value grew 25% in the first half of 2025 compared to the previous year.

Monee, Sea's financial services arm, also maintained strong growth, with its loan book expanding by 94% year-over-year last quarter to reach $6.9 billion.

Sea, which ranks 15th on the Fortune Southeast Asia 500 list, has now recorded two consecutive years of profitability - a significant milestone for the company after a period of cost-cutting and restructuring.

Looking ahead, Sea's management expressed confidence in the company's ability to pursue growth opportunities while also improving profitability. One such opportunity is Brazil, where Shopee has become a leading e-commerce platform since launching in 2019. Sea's leadership team is bullish on the country's potential, both for e-commerce and the company's financial services business.