Sea Limited Achieves First Annual Profit, Signaling Strong E-Commerce and Financial Services Growth

Amid intense competition, Sea Limited's strategic investments and market share gains in Southeast Asia contribute to its first profitable year since inception.

Sea Limited reports its first annual profit of $162.7 million, reversing a net loss of $1.7 billion in 2022.
The company's e-commerce arm, Shopee, and its financial services unit, SeaMoney, drive significant revenue growth.
Analysts upgrade Sea Limited's stock, citing positive trends in growth and profitability across all business segments.
Sea Limited's shares surge following the announcement, reflecting investor optimism.
The company forecasts continued profitability and market share maintenance in 2024, despite competitive pressures.