Analyst Consensus ?
ConsensusBuy44 ratings
Bullish3170.5%
Neutral1125.0%
Bearish24.5%
Sea Limited · SE · FY2024 Q4 · Calendar Q1 2025
Sea Limited: Growth, profitability and AI efficiency remain in focus
The supplied analysis is broadly supportive of a growth-and-demand thesis for Sea Limited: profitable expansion across its three businesses, continued Shopee GMV growth, SeaMoney lending demand and AI-related efficiency gains provide operating support. The main test is whether monetization and credit quality remain durable as competition, logistics investment and geographic expansion continue.
Reported Before market openNYSEConsumer Cyclical
$45.71B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.80
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $4.64B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.1%
Event window
SPY move
-1.2%
Same window
Abnormal move
+8.3%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
+0.1%
Up to 20 sessions
SESPY benchmark
Ask FN2 about SE FY2024 Q4
Transcript, numbers and history already loaded
What drove SE's +7.1% move after FY2024 Q4 earnings?What changed in SE's guidance and outlook in FY2024 Q4?Give me the bull and bear case for SE after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior supplied analysis, the emphasis shifted toward full-year profitability, Shopee surpassing $100 billion in GMV, broader AI deployment and the scale of off-Shopee lending. The analysis also adds further focus on emerging-market expansion, logistics execution and credit-risk monitoring.
Guidance delta
Management guidance sentiment was maintained; the supplied analysis highlights a 2025 GMV growth target of approximately 20%.
Key takeaways
- The supplied analysis describes double-digit growth across Shopee, SeaMoney and Garena, with all three businesses profitable.
- Shopee GMV exceeded $100 billion and management targeted approximately 20% GMV growth in 2025 while emphasizing monetization.
- SeaMoney lending, AI-enabled product and service improvements, logistics, live streaming and new game launches are central to the operating plan.
Management priorities
- Scale AI tools across search, recommendations, chatbots and content creation.
- Expand Shopee Live, advertiser participation and logistics capabilities through SPX Express.
- Grow off-Shopee credit products while continuing Free Fire investment and new game launches.
Follow SE with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$74.63Previous close
$50Low
$175.23Average
$462.22High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Aug 13, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 12, 2026 |
| TD Cowen | Hold | Hold | Maintain | Aug 4, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 14, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Mar 4, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Dec 19, 2025 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 12, 2025 |
| B of A Securities | Buy | Buy | Maintain | Nov 11, 2025 |
| Macquarie | Outperform | Outperform | Maintain | Aug 12, 2025 |
| Loop Capital | Buy | Buy | Maintain | May 29, 2025 |
| UBS | Buy | Buy | Maintain | Mar 7, 2025 |
| Jefferies | Buy | Buy | Maintain | Mar 4, 2025 |
| Phillip Securities | Reduce | Neutral | Downgrade | Nov 19, 2024 |
| Citigroup | Buy | Buy | Maintain | Jul 23, 2024 |
| DBS Bank | Hold | Buy | Downgrade | Jun 28, 2024 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Mar 6, 2024 |
| HSBC | Buy | Buy | Maintain | Mar 5, 2024 |
| KGI Securities | Neutral | Outperform | Downgrade | Aug 24, 2023 |
| Cowen & Co. | Market Perform | Outperform | Downgrade | Nov 22, 2022 |
| Stifel | Buy | Buy | Maintain | Aug 17, 2022 |
| Goldman Sachs | Buy | Buy | Maintain | May 18, 2022 |
| CICC | Outperform | Outperform | Maintain | Apr 27, 2022 |
| China Renaissance | Buy | Buy | Maintain | Apr 26, 2022 |
| DZ Bank | Buy | Buy | Maintain | Sep 29, 2021 |
| New Street Research | Buy | Buy | Maintain | Jun 25, 2021 |
| Autonomous Research | Outperform | Outperform | Maintain | Apr 20, 2021 |
| CLSA | Buy | Outperform | Maintain | Mar 29, 2021 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jul 1, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Mar 4, 2020 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 8, 2019 |
| Piper Jaffray | Overweight | Overweight | Maintain | Aug 8, 2019 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| Argus Research | Hold | Buy | Downgrade | Sep 26, 2016 |
| Raymond James | Outperform | Strong Buy | Downgrade | Sep 7, 2016 |
| CIBC | Outperform | Sector Perform | Upgrade | Sep 7, 2016 |
| RBC Capital | Outperform | Outperform | Maintain | Jun 27, 2016 |
| BMO Capital | Perform | Market Perform | Maintain | Apr 19, 2016 |
| Wells Fargo | Perform | Market Perform | Maintain | Dec 18, 2015 |
| PiperJaffray | Overweight | Overweight | Maintain | Jun 8, 2015 |
| Janney Capital | Buy | Buy | Maintain | May 14, 2015 |
| Tudor Pickering | Sell | Accumulate | Downgrade | Jan 14, 2015 |
| Bank of America | Neutral | Buy | Downgrade | Nov 3, 2014 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Aug 8, 2014 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Apr 18, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $74.63. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Arete Research | Analyst unavailable | $152 | $112.09 | +103.7% | Sep 7, 2026 |
| Morgan Stanley | Divya Gangahar Kothiyal | $153 | $128.11 | +105.0% | Aug 13, 2026 |
| Barclays | Analyst unavailable | $156 | $127.59 | +109.0% | Aug 12, 2026 |
| Barclays | Analyst unavailable | $122 | $93.52 | +63.5% | May 14, 2026 |
| Morgan Stanley | Divya Gangahar Kothiyal | $121 | $85.16 | +62.1% | Mar 13, 2026 |
| Goldman Sachs | Analyst unavailable | $125 | $88.1 | +67.5% | Mar 9, 2026 |
| Bernstein | Venugopal Garre | $150 | $88.13 | +101.0% | Mar 4, 2026 |
| Jefferies | Thomas Chong | $150 | $87.82 | +101.0% | Mar 3, 2026 |
| Morgan Stanley | Divya Gangahar Kothiyal | $173 | $114.81 | +131.8% | Feb 11, 2026 |
| Wedbush | Analyst unavailable | $170 | $123.2 | +127.8% | Dec 19, 2025 |
| Deutsche Bank | Peter Milliken | $170 | $142.31 | +127.8% | Nov 12, 2025 |
| Bernstein | Analyst unavailable | $185 | $156.74 | +147.9% | Oct 23, 2025 |
| Morgan Stanley | Analyst unavailable | $209 | $164.6 | +180.0% | Oct 22, 2025 |
| Arete Research | Zixiao Yang | $177 | $178.78 | +137.2% | Sep 2, 2025 |
| Barclays | Jiong Shao | $200 | $164.63 | +168.0% | May 15, 2025 |
| Bernstein | Venugopal Garre | $170 | $142.45 | +127.8% | May 14, 2025 |
| Wedbush | Scott Devitt | $135 | $119.75 | +80.9% | Apr 15, 2025 |
| Barclays | Analyst unavailable | $182 | $135.69 | +143.9% | Mar 7, 2025 |
| Bernstein | Analyst unavailable | $145 | $146.31 | +94.3% | Mar 5, 2025 |
| Jefferies | Analyst unavailable | $157 | $132.31 | +110.4% | Mar 4, 2025 |
| Morgan Stanley | Divya Gangahar Kothiyal | $140 | $113.24 | +87.6% | Dec 3, 2024 |
| Morgan Stanley | Divya Gangahar Kothiyal | $131 | $64.86 | +75.5% | Nov 13, 2024 |
| Jefferies | Thomas Chong | $114 | $96.83 | +52.8% | Oct 16, 2024 |
| Bank of America Securities | Sachin Salgaonkar | $96 | $85.71 | +28.6% | Sep 23, 2024 |
| Citigroup | Alicia Yap | $90 | $86.15 | +20.6% | Sep 19, 2024 |
| Barclays | Jiong Shao | $94 | $76.8 | +26.0% | Aug 15, 2024 |
| Wedbush | Scott Devitt | $84 | $76.8 | +12.6% | Aug 14, 2024 |
| Wedbush | Scott Devitt | $72 | $64.86 | -3.5% | Aug 12, 2024 |
| Jefferies | Thomas Chong | $89 | $68.35 | +19.3% | Jul 22, 2024 |
| UBS | Navin Killa | $87 | $74.9 | +16.6% | Jun 26, 2024 |
| Loop Capital Markets | Rob Sanderson | $94 | $73.06 | +26.0% | Jun 10, 2024 |
| Loop Capital Markets | Rob Sanderson | $92 | $63.04 | +23.3% | Apr 24, 2024 |
| Morgan Stanley | Divya Gangahar Kothiyal | $70 | $59.43 | -6.2% | Apr 22, 2024 |
| Bernstein | Venugopal Garre | $70 | $60.75 | -6.2% | Mar 14, 2024 |
| Wedbush | Scott Devitt | $48 | $50.93 | -35.7% | Mar 1, 2024 |
| Daiwa | John Coi | $50 | $42.02 | -33.0% | Feb 2, 2024 |
| Goldman Sachs | Pang Vittayaamnuaykoon | $78 | $40.68 | +4.5% | Aug 16, 2023 |
| Citigroup | Alicia Yap | $50 | $40.58 | -33.0% | Aug 16, 2023 |
| Barclays | Jiong Shao | $125 | $76.32 | +67.5% | Jul 31, 2022 |
| Daiwa | John Choi | $150 | $80.21 | +101.0% | May 18, 2022 |
| Stifel Nicolaus | Scott Devitt | $115 | $80.21 | +54.1% | May 18, 2022 |
| HSBC | Piyush Choudhary | $145 | $90.17 | +94.3% | May 4, 2022 |
| Stifel Nicolaus | Scott Devitt | $160 | $87.62 | +114.4% | Apr 25, 2022 |
| Bernstein | Venugopal Garre | $250 | $117.75 | +235.0% | Mar 2, 2022 |
| Citigroup | Alicia Yap | $221 | $117.75 | +196.1% | Mar 2, 2022 |
| Stifel Nicolaus | Scott Devitt | $200 | $126.5 | +168.0% | Mar 1, 2022 |
| Cowen & Co. | John Blackledge | $295 | $145.6 | +295.3% | Feb 28, 2022 |
| Loop Capital Markets | Rob Sanderson | $190 | $170.48 | +154.6% | Jan 18, 2022 |
| Bank of America Securities | Sachin Salgaonkar | $287 | $223.31 | +284.6% | Jan 3, 2022 |
| CLSA | Marcus Liu | $455 | $314.41 | +509.7% | Nov 17, 2021 |
| Berenberg Bank | Tom Burlton | $462.22 | $321.12 | +519.4% | Aug 19, 2021 |
| New Street | Jin Yoon | $325 | $283.35 | +335.5% | Jun 25, 2021 |
Track every rating change on SE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationOperating across Southeast Asia, Latin America, other parts of Asia, and various international markets, Sea Limited and its group of companies specialize in three core areas: digital entertainment, e-commerce, and digital financial services. Under its Garena brand, the company provides a comprehensive digital entertainment platform. This platform allows users to play a variety of online games on both mobile devices and personal computers, participate in eSports events, and access additional entertainment content. Key features include live-streamed gameplay, as well as social functionalities like user chat rooms and online forums. Furthermore, Sea Limited manages Shopee, a prominent e-commerce platform designed primarily for mobile users.…
Historical context
All SE earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| DECK Deckers Outdoor Corporation | FY2027 Q2 · Calendar Q4 2026 | +13.4% | -0.2% | Deckers raises FY2027 outlook as HOKA and UGG drive growth |
| TSCO Tractor Supply Company | FY2026 Q3 · Calendar Q4 2026 | +5.3% | +6.2% | Tractor Supply Q3: Pet and Digital Momentum Supports Margin Plan |
| PHM PulteGroup, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.5% | +5.8% | PulteGroup Holds Guidance as Buyer Traffic Slows |
| PKG Packaging Corporation of America | FY2026 Q3 · Calendar Q4 2026 | +3.8% | +4.2% | PCA beats Q3 expectations as Greif synergies offset cost pressure |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the SE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-20T12:45:18.608635+00:00
- Polygon adjusted daily market bars · 2026-10-26T05:00:45.076338+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T05:00:45.074038+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.