Sea Limited Q4 EPS Misses at $0.80 with 33% EBITDA Rise
Sea Limited’s Q4 EPS of $0.80 fell short of the $0.90 target, while revenue rose to $6.85 billion and adjusted EBITDA climbed 33% to $787 million versus an $850 million consensus. Analysts have cut Q1 EPS forecasts 15% to $1.14 and the stock has declined from $180 to recent support near $80.
1. Q4 Financial Results
Sea Limited reported Q4 EPS of $0.80 versus $0.90 expected and revenue of $6.85 billion, topping consensus. Adjusted EBITDA rose 33% year over year to $787 million but fell short of the $850 million estimate.
2. Business Segment Highlights
Shopee delivered GMV of $36.7 billion, up 28.6% year over year with 400 million active buyers. SeaMoney’s loan book expanded 80% to $9.2 billion and Garena forecasts double-digit bookings growth in 2026.
3. Analyst Estimate Revisions
Since earnings, Q1 EPS estimates have dropped from $1.35 to $1.14 (–15%) and Q2 from $1.45 to $1.17 (–19%). Full-year EPS forecasts for 2025 fell 9% to $5.16 and 2026 forecasts declined 13% to $6.68.
4. Technical Analysis
The stock has slid from ~$180 in October to support near $80, with resistance at the 21-day MA of $107, 50-day MA of $118 and 200-day MA of $150. A break below $80 could pressure the stock toward the 2024 breakout level of $60.