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Revenue by Segment
Revenue broken down across Sea’s divisions, highlighting where sales originate and which businesses are driving growth. Shifts in segment revenue reveal how the company’s business mix is evolving and where future risks or opportunities for scaling and margin improvement lie.Sea’s mix is visibly shifting: fintech (Digital Financial Services/Money) is the fastest, most durable growth engine and now a meaningful, margin-accretive contributor, while Shopee/Ecommerce remains the volume leader but is deliberately investing to scale—driving stronger monetization yet near‑term e‑commerce EBITDA compression. Also note a late‑2025 segment reclassification (legacy buckets go to zero as Shopee/Garena/Sales appear), so watch for comparability distortions; the underlying story is faster fintech and steady gaming recovery underpinning improving consolidated adjusted EBITDA despite investment‑driven margin noise.
Date | Digital Entertainment | Ecommerce | Digital Financial Services | Other Services | Monee | Shopee | Garena | Sales of Goods |
|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $0.00 | $0.00 | $1.40B | $48.76M | $4.93B | $746.60M | $657.73M | |
Mar 31, 2026 | $0.00 | $0.00 | $1.24B | $43.68M | $4.50B | $696.56M | $612.36M | |
Dec 31, 2025 | $0.00 | $0.00 | $1.13B | $42.23M | $4.34B | $701.02M | $640.63M | |
Sep 30, 2025 | $653.03M | $4.30B | $989.86M | $46.80M | $46.80M | $0.00 | $0.00 | $0.00 |
Jun 30, 2025 | $559.12M | $3.31B | $882.81M | $44.83M | $44.83M | $0.00 | $0.00 | $0.00 |
Mar 31, 2025 | $495.59M | $3.52B | $787.12M | $34.21M | $34.21M | $0.00 | $0.00 | $0.00 |
Dec 31, 2024 | $519.06M | $3.66B | $733.33M | $35.41M | $35.41M | $0.00 | $0.00 | $0.00 |
Sep 30, 2024 | $497.85M | $3.18B | $615.71M | $31.12M | $31.12M | $0.00 | $0.00 | $0.00 |
Jun 30, 2024 | $435.56M | $3.03B | $519.34M | $30.70M | $30.70M | $0.00 | $0.00 | $0.00 |
Mar 31, 2024 | $458.12M | $2.75B | $499.36M | $29.08M | $29.08M | $0.00 | $0.00 | $0.00 |