Sea Ltd. posts Q3 net income of $375 million and revenue gains
Reuters
Yesterday
Sea Ltd. posts Q3 net income of $375 million and revenue gains
Sea Limited reported a net income of $375.0 million for the third quarter of 2025, up from $153.3 million in the same period last year, representing a 144.6% increase. Basic earnings per share rose to $0.63 from $0.26, while diluted earnings per share increased to $0.59 from $0.24. Total operating expenses decreased by 28.0% year-on-year. The company highlighted record highs in quarterly GMV, gross order volume, and revenue for Shopee, with improved profitability across Asia and Brazil. Non-operating income for the quarter was $61.2 million, primarily due to $81.8 million in interest income, partially offset by interest expense and foreign exchange loss. Income tax expense was $161.1 million, compared to $92.6 million in the third quarter of 2024.
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