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SRC-0446e8d33a9e3732 · Source record

Sea Fourth Quarter and Full Year 2025 Results Deck

Sea Limited · 12 connected claims

D01 · Marketing, Brand & Revenue SystemsD02 · Customer Intelligence, Sales & Service

Canonical route

https://cdn.sea.com/investor/4Q2025/JcKns4LaJC8bxcQdJwXz/2026.03.03%20Sea%20Fourth%20Quarter%20and%20Full%20Year%202025%20Results%20Deck.pdf

Claims connected to this source

  1. MWITA-MR-2026-017Sea reports Q4 2025 Shopee ad revenue above 70% year-on-year growth, ad take rate up more than 80 basis points, ad-paying sellers up over 20%, and average spend up over 45%. These are operator metrics across a fast-growing marketplace, not causal returns for advertisers.Evidence C
  2. MWITA-AE-2026-020Sea reported that Shopee ad revenue grew more than 70% year over year in Q4 2025.Evidence A
  3. MWITA-AE-2026-021Sea reported that Shopee’s ad take rate rose by more than 80 basis points year over year in Q4 2025.Evidence B
  4. MWITA-AE-2026-022Sea reported that Shopee ad-paying sellers increased by more than 20% and their average ad spend increased by more than 45% year over year in Q4 2025.Evidence B
  5. MWITA-IE-2026-007Sea reported Garena 2025 bookings of US$2.950 billion versus US$2.149 billion in 2024.Evidence A
  6. MWITA-IE-2026-008Sea reported Garena 2025 GAAP revenue of US$2.409 billion versus US$1.911 billion in 2024.Evidence A
  7. MWITA-IE-2026-009Garena reported 670.8 million quarterly active users in Q3 2025, up 6.7% year-on-year.Evidence A
  8. MWITA-IE-2026-010Garena reported 65.9 million quarterly paying users in Q3 2025, up 31.2% year-on-year.Evidence A
  9. MWITA-LV-2026-006Sea reported Shopee full-year 2025 GMV grew 27% year over year and adjusted EBITDA exceeded US$880 million.Evidence B
  10. MWITA-LV-2026-007Sea reported Shopee’s 2025 monthly active buyers increased 15% and average monthly purchase frequency increased 10% year over year.Evidence B
  11. MWITA-LV-2026-008Sea reported Shopee fourth-quarter 2025 ad revenue grew more than 70%, ad-paying sellers more than 20%, and their average ad spend more than 45% year over year.Evidence B
  12. MWITA-LV-2026-009Sea reported that buyers using Shopee instant or same-day delivery spent about 15% more on average after adopting those services.Evidence C

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