Investing.com -- Sea Limited shares rallied over 12% in early trading Tuesday after the Southeast Asian tech giant reported fourth-quarter revenue that handily beat analyst expectations, driven by strong growth across its e-commerce and digital financial services segments.
The Singapore-based company posted revenue of $4.95 billion for the quarter, surpassing the consensus estimate of $4.62 billion. However, adjusted earnings per share came in at $0.39, slightly below the $0.41 analysts were expecting.
Sea's e-commerce arm Shopee saw gross merchandise value (GMV) jump 23.5% YoY to $28.6 billion, while gross orders increased 20.1% to 3 billion. The digital financial services unit also impressed, with revenue surging 55.2% YoY to $733.3 million.
"We delivered a great 2024 with all three businesses going back to strong, double-digit growth, exceeding our original guidance," said Forrest Li, Sea's Chairman and CEO. "It was also our second consecutive year of annual positive profit, with all three of our businesses recording positive adjusted EBITDA."
For the full year 2024, Sea reported total revenue of $16.8 billion, up 28.8% YoY. The company swung to a net profit of $447.8 million, compared to $162.7 million in 2023.
Looking ahead, Sea expects Shopee's full year 2025 GMV growth to be around 20%, with improving profitability. The company also anticipates its digital entertainment unit Garena to grow double digits YoY in both user base and bookings in 2025.
Related Articles
Sea Limited stock surges after strong Q4 revenue beat
Honeywell set to acquire Sundyne for $2.16 billion
Turkey detains 17 in stock market manipulation probe
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。