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Sea | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  May 14, 2025 04:05

Summary by Futu AI

Sea Limited delivered strong Q1 2025 results with total revenue increasing 29.6% YoY to $4.8 billion and net profit of $410.8 million, compared to a net loss of $23 million in Q1 2024. Total adjusted EBITDA more than doubled to $946.5 million from $401.1 million last year.E-commerce segment Shopee achieved record GMV of $28.6 billion, up 21.5% YoY, while Digital Financial Services revenue grew 57.6% to $787.1 million with stable asset quality. Digital Entertainment saw bookings increase 51.4% YoY to $775.4 million, driven by Free Fire's strong performance.The company maintained strong liquidity with cash and equivalents of $4 billion as of March 31, 2025. Operating cash flow was $756.9 million for the quarter, while net cash used in investing activities was $1.1 billion, primarily for the credit business expansion.
Sea Limited delivered strong Q1 2025 results with total revenue increasing 29.6% YoY to $4.8 billion and net profit of $410.8 million, compared to a net loss of $23 million in Q1 2024. Total adjusted EBITDA more than doubled to $946.5 million from $401.1 million last year.E-commerce segment Shopee achieved record GMV of $28.6 billion, up 21.5% YoY, while Digital Financial Services revenue grew 57.6% to $787.1 million with stable asset quality. Digital Entertainment saw bookings increase 51.4% YoY to $775.4 million, driven by Free Fire's strong performance.The company maintained strong liquidity with cash and equivalents of $4 billion as of March 31, 2025. Operating cash flow was $756.9 million for the quarter, while net cash used in investing activities was $1.1 billion, primarily for the credit business expansion.

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