Sea Ltd. (SE) stock sailed higher early Tuesday after the Southeast Asia-focused technology company reported fourth-quarter results that beat expectations, powered by 37% sales growth.

Sea said that it earned 39 cents per share on sales of $4.95 billion for the December-ended quarter. Analysts polled by FactSet projected the Singapore-based company would earn 30 cents per share on sales of $4.65 billion.

For the same period a year earlier, Sea posted a loss of 19 cents per share on sales of $3.62 billion.

Sea is the owner of the Shopee e-commerce network, which is the market leader in Southeast Asia. Sea also operates digital-payments provider SeaMoney and Garena, a global online games developer.

Overall revenue growth accelerated for a fourth consecutive quarter, with e-commerce sales growing 41.3% year-over-year. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the e-commerce business swung to $152 million, compared to a $225 million loss for the same period a year earlier. Wall Street was looking for $80 million in e-commerce adjusted EBITDA, according to FactSet.

"We delivered a great 2024 with all three businesses going back to strong, double-digit growth, exceeding our original guidance," Chief Executive and Chairman Forrest Li said in a news release. "It was also our second consecutive year of annual positive profit, with all three of our businesses recording positive adjusted EBITDA."

On the stock market today, Sea stock is up 9% at 134.50  in recent premarket action.

More earnings coverage to come.

Sea Stock Surged 162% Last Year

U.S.-listed shares of Sea soared 162% in 2024. The company's e-commerce sales accelerated while the company bolstered its profitability – helping reassure investors that Shopee can fend off competition such as TikTok and PDD Holdings' (PDD) Temu.

Sea has added on to those gains for far in 2025, up 16.5% year-to-date. Shares pulled back to test support after a January breakout, and were poised for a rebound from their 10-week moving average.

Coming into the report, Sea stock had an IBD Composite Rating of 90 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.

Further, Sea's IBD Relative Strength Rating was 97 out of 99. The RS Rating means that Sea stock has outperformed 97% of all stocks in IBD's database over the past 12 months.

YOU MAY ALSO LIKE:

MercadoLibre Stock Jumps On Big Q4 Earnings Beat, Strong Sales Growth

IBD Live: Learn And Analyze Growth Stocks With The Pros

Get Timely Buy & Sell Alerts With IBD Leaderboard

Top Growth Stocks To Buy And Watch

IPO Market Slump Drags On As Unicorns Multiply. Why There's Hope For More IPOs In 2025.