Sea shares jump almost 20% after strong Q2, as CEO Forrest Li searches for new growth opportunities
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The owner of the e-commerce platform Shopee reported quarterly revenue that jumped almost 40% year-on-year to reach $5.3 billion.
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financial news
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August 13, 2025
06:34 AM
Fortune
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·Southeast Asia 500Sea s jump almost 20% after strong Q2, as CEO Forrest Li es for new growth opportunitiesBy Lionel LimBy Lionel LimAsia ReporterLionel LimAsia ReporterLionel Lim is a Singapore-based reporter covering the Asia-Pacific region.SEE FULL BIO A photo illustration displaying the logo of the Singaporean firm Sea's logo on a smartphone
Cheng Xin—Getty ImagesStrong second quarter results sent s of Sea, the Singaporean company, up 19% in New York trading on Tuesday. s are now up more than 60% for the year thus far, even as s are still far from their 2021 highs
Sea reported revenue of $5.3 billion for the quarter ending June 2025, an almost 40% jump year-on-year
Net income also reached $414.2 million, more than five times greater than the $79.9 million fit recorded a year ago
All three of Sea’s divisions—e-commerce platform Shopee, game developer Garena and fin unit Monee—posted double-digit percentage point revenue growth. “The momentum from our strong start to 2025 has continued into the second quarter
All three of our es have dered robust, healthy growth, giving us greater confidence of dering another great year,” said CEO Forrest Li in prepared remarks
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, is still the biggest contributor to Sea’s , contributing 72% of total revenue
Shopee’s gross merchandise value grew 25% over the first half of the year compared to 2024
Monee, Sea’s recently rebranded financial services arm, also maintained strong growth
Its loan book expanded by 94% year-on-year last quarter, reaching $6.9 billion
Sea’s success Sea, No. 15 on the Southeast Asia 500, has now recorded two straight years of fit, a milestone for the company after a period of painful cost-cutting and restructuring
In previous earnings calls, Li credited AI tools and its logistics network for imving fitability in Sea’s e-commerce department
On Wednesday, Li said that Sea has “reached a stage where we can pursue growth opportunities while imving fitability.” One such growth opportunity is Brazil
Shopee expanded to Brazil in 2019, and is now one of the country’s leading e-commerce platforms
In a call with analysts, both Li and CFO Tony Hou were bullish on Sea’s spects in Brazil
Hou said that Sea had “meaningful room” to grow in Brazil, even as competitors PDD Holdings’ Temu and ByteDance’s TikTok entered the market
Li also pointed to Brazil’s potential as a market for Sea’s financial services , pointing to “very good growth” in loan book value for the second quarter.
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