Sea Limited (NYSE: SE)
Internet Content & Information · Singapore, Singapore · Founded 2009
- Market capitalization: $35.0 billion
- Annual revenue: $13.0 billion
- Net income: $0.5 billion
- Employees: 60,000
- Sector: Communication Services
- Headquarters: Singapore, Singapore
- Founded: 2009
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Sea Limited is a Singapore-based internet conglomerate operating Shopee (Southeast Asia's largest e-commerce platform), Garena (gaming, including the hit game Free Fire), and SeaMoney (digital financial services). Forrest Li founded the company in 2009. Sea dominates e-commerce in Southeast Asia and has expanded into Latin America, though it pulled back from some international markets after burning too much cash.
Shopee generates revenue from marketplace commissions, advertising, and logistics services. Garena earns from in-game purchases in Free Fire and other titles. SeaMoney provides digital payments, lending, and insurance. The company has been prioritizing profitability after years of aggressive spending. Revenue exceeds $13 billion annually. Free Fire's revenue decline has been a headwind.
Li founded Sea (originally Garena) in Singapore in 2009, starting with gaming. Shopee launched in 2015 and rapidly overtook Lazada (Alibaba-backed) in Southeast Asia. Sea went public on the NYSE in 2017 at $15 per share. The stock rocketed to $372 during COVID before crashing 90% as growth-at-all-costs fell out of favor. The company retreated from India, France, and several Latin American markets in 2022.
| Market Capitalization | $35.0B |
| Annual Revenue | $13.0B |
| Net Income | $0.5B |
| Profit Margin | 4% |
| Revenue per Employee | $216667K |
| Stock Exchange | NYSE |
| Ticker Symbol | SE |
Financial data is approximate and based on most recent annual filings.
Free Fire was the most downloaded mobile game globally in 2019, 2020, and 2021. Sea's stock went from $15 to $372 and back to $40 in the span of four years u2014 one of the wildest rides in tech stock history. Forrest Li told employees in a 2022 memo that the "era of free money" was over and the company needed to be self-sufficient.
Sea's Southeast Asian e-commerce dominance is real, but the gaming business is fading and the company's international ambitions have been painfully scaled back u2014 execution in the core ASEAN market is what matters now.
What is Sea Limited's revenue?
Sea Limited generates approximately $13.0 billion in annual revenue.
How many employees does Sea Limited have?
Sea Limited employs approximately 60,000 people worldwide.
What is Sea Limited's market cap?
Sea Limited (SE) has a market capitalization of approximately $35.0 billion on the NYSE.
When was Sea Limited founded?
Sea Limited was founded in 2009 and is headquartered in Singapore, Singapore.
Who is the CEO of Sea Limited?
Forrest Li is the current CEO of Sea Limited.
What is Sea Limited's website?
Sea Limited's official website is sea.com.
| CEO | Forrest Li |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Founded | 2009 |
| HQ | Singapore |
| Country | Singapore |
| Website | sea.com |
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