Sea Limited (SE) is listed on NYSE and operates in the Specialty Retail industry (Consumer Cyclical sector).
Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payment and logistics infrastructure and seller services. In addition, it offers SeaMoney digital financial services to individuals and businesses, including offline and online mobile wallet, and payment processing services, as well as other offerings across credit, insurtech, and digital bank services under the ShopeePay, SPayLater, SeaBank, and other digital financial services brands; and payment processing services for Shopee. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 31 |
| Hold | 11 |
| Sell | 2 |
| Strong Sell | 0 |
Sea Limited, along with its subsidiaries, operates in digital entertainment, e-commerce, and digital financial services across Southeast Asia, Latin America, and other regions. The company provides the Garena platform, which offers mobile and PC online games, eSports operations, and additional entertainment content, including gameplay livestreaming and social features like user chat and forums. Sea Limited also manages the Shopee e-commerce platform, a mobile-focused marketplace that integrates payment and logistics infrastructure and offers seller services. In the digital financial services sector, Sea Limited offers SeaMoney, which includes mobile wallets, payment processing, and services in credit, insurtech, and digital banking under brands such as ShopeePay, SPayLater, and SeaBank. These services cater to both individuals and businesses, supporting offline and online transactions. Originally known as Garena Interactive Holding Limited, the company rebranded to Sea Limited in April 2017. Established in 2009, Sea Limited is headquartered in Singapore.
Over the past three fiscal years, the company has demonstrated robust growth and improving profitability. Revenue consistently increased at a 32.5% CAGR, rising from $13.1 billion in 2023 to $22.9 billion in 2025. This growth was accompanied by a significant improvement in earnings per share (EPS), which surged from $0.25 to $2.52, reflecting a remarkable 217.5% CAGR. Operating margins expanded by 6.4 percentage points, from 1.7% to 8.1%, indicating strong operating leverage as the company scaled. Net margins also improved by 5.7 percentage points, reaching 6.9% by 2025. Cash flow generation was strong, with free cash flow (FCF) increasing from $1.8 billion to $2.96 billion, supported by a consistent rise in operating cash flow (OCF). The company's net debt position shifted dramatically from a net debt of $1.65 billion in 2023 to a net cash position of $3.05 billion in 2025, highlighting improved financial flexibility. However, the share count increased by 7.4%, which partially diluted per-share gains. Despite this, the company's return on invested capital (ROIC) improved consistently, reaching 43.3% in 2025, underscoring efficient capital utilization. Additionally, the interest coverage ratio increased significantly to 55.5x, reflecting a strong ability to meet interest obligations. Overall, the company's performance over this period reflects a successful scaling strategy with enhanced profitability and cash generation capabilities.
Recent news for Sea Limited (NYSE: SE) centers around significant insider trading activity. Notably, several executives and directors have sold substantial shares. On April 21, insider Yanjun Wang sold 800 shares at prices ranging from $85 to $92. On April 19, the COO sold shares totaling $888,800 at prices between $84 and $88, while a director sold shares worth $15,473,515 at an average price of $87, retaining 895,364 shares valued at $78,398,071. Earlier, on April 16, director David Ma sold 122,698 shares for $10,532,396 at an average price of $85, reducing his ownership by 62% but still holding 1,152,689 shares valued at approximately $98,946,823. Additionally, Sea Limited received a rating upgrade from Seeking Alpha, suggesting a favorable outlook with a 22x P/E ratio considered attractive for the company. These transactions and the rating upgrade reflect ongoing portfolio management and market perceptions of the company's valuation, but do not necessarily indicate changes in the company's operational outlook.