Sea Limited reported full-year 2024 revenue of $16.8 billion, a 29% increase on the prior year, as the Singapore-headquartered technology group posted a group net income of $447.8 million.
SeaMoney, Sea's digital financial services arm, grew consumer and SME loans principal outstanding (on- and off-book) to $5.1 billion by the end of FY2024, representing a year-on-year increase of 63.9%.
SEAMONEY EARNINGS
Beyond loan book growth, SeaMoney delivered adjusted earnings before interest, tax, depreciation and amortisation of $712.2 million for the full year, up 29.5% on FY2023.
GROUP RESULTS
Garena, the group's gaming division, lifted its bookings by 18.7% in FY2024.