Southeast Asia Excluding Singapore was Sea’s largest region in fiscal 2025, bringing in $14.38B of $22.94B (63%).
| Geography | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Southeast Asia Excluding Singapore | — | $8.67B | $11.11B | $14.38B | ||||||
| Southeast Asia | $8.32B | — | — | — | ||||||
| Region Of Southeast Asia | — | — | — | — | ||||||
| Latin America | $2.04B | $2.19B | $3.28B | $5.53B | ||||||
| Rest Of Asia Other Than Southeast Asia | — | $1.50B | $1.59B | $2.01B | ||||||
| Rest Of Asia | $1.73B | — | — | — | ||||||
| Singapore | — | $506.48M | $659.11M | $792.71M | ||||||
| Thailand | — | — | — | — | ||||||
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | — | ||||||
| Rest Of The World | $357.35M | $193.84M | $178.10M | $228.29M | ||||||
| Rest Of World Other Than Countries Mentioned | — | — | — | — | ||||||
| Taiwan | — | — | — | — | ||||||
| Vietnam | — | — | — | — | ||||||
| Indonesia | — | — | — | — | ||||||
| Total | $12.45B | $13.06B | $16.82B | $22.94B |
Sea brought in $22.94B from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 36.4% from $16.82B in fiscal 2024. Southeast Asia Excluding Singapore was the largest at $14.38B (62.7%), ahead of Latin America at $5.53B (24.1%) and Rest Of Asia Other Than Southeast Asia at $2.01B (8.7%). The other two regions brought in $1.02B combined.
Compared with fiscal 2024, Latin America grew fastest, up 68.9% to $5.53B. Every region above 2% of revenue grew.
Sea began breaking out Southeast Asia Excluding Singapore in fiscal 2023 and Singapore in fiscal 2023. Sea stopped reporting Southeast Asia ($8.32B in fiscal 2022) and Rest Of Asia ($1.73B in fiscal 2022) as separate regions.
Shopee'S Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On The Shopee Platform was Sea’s largest segment in fiscal 2025, bringing in $16.56B of $22.94B (72%).
| Segment | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Shopee'S Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On The Shopee Platform | — | $9.00B | $12.42B | $16.56B | |||||
| E-Commerce | $7.29B | — | — | — | |||||
| Shopee Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On Shopee Platform | — | — | — | — | |||||
| Monee | — | $1.76B | $2.37B | $3.79B | |||||
| Garena Offers Mobile & Pc Online Games And Develops Mobile Games For The Global Market. Garena Also Promotes Esports | — | $2.17B | $1.91B | $2.41B | |||||
| Digital Entertainment | $3.88B | — | — | — | |||||
| Garena Platform Offers Mobile & Pc Online Games Across The Region And Develops Mobile Games For The Global Market. Garena Is The Region'S Leader In Esports, It Also Provides Access To Other Entertainment Content And Social Features, Such As Live Streaming Of Gameplay, User Chat And Online Forums | — | — | — | — | |||||
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | — | |||||
| Digital Financial Services | $1.22B | — | — | — | |||||
| Airpay Provides A Variety Of Payment Services To Individuals & Businesses. It Is An Important Payment Infrastructure Supporting The Company'S Digital Entertainment And E-Commerce Businesses. In Addition, Airpay Also Integrates With Third-Party Merchant Partners And Covers A Broad Set Of Consumption Use Cases | — | — | — | — | |||||
| Other Services | $61.87M | $131.28M | $126.31M | $173.46M | |||||
| Total | $12.45B | $13.06B | $16.82B | $22.94B |
Sea brought in $22.94B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 36.4% from $16.82B in fiscal 2024. Shopee'S Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On The Shopee Platform was the largest at $16.56B (72.2%), ahead of Monee at $3.79B (16.5%) and Garena Offers Mobile & Pc Online Games And Develops Mobile Games For The Global Market. Garena Also Promotes Esports at $2.41B (10.5%). The remaining segment, Other Services, brought in $173.46M.
Compared with fiscal 2024, Monee grew fastest, up 60.1% to $3.79B. Every segment above 2% of revenue grew.
Sea began breaking out Shopee'S Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On The Shopee Platform in fiscal 2023, Monee in fiscal 2023 and Garena Offers Mobile & Pc Online Games And Develops Mobile Games For The Global Market. Garena Also Promotes Esports in fiscal 2023. Sea stopped reporting E-Commerce ($7.29B in fiscal 2022), Digital Entertainment ($3.88B in fiscal 2022) and Digital Financial Services ($1.22B in fiscal 2022) as separate segments.
Service was Sea’s largest product and service line in fiscal 2025, bringing in $20.91B of $22.94B (91%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service | $11.34B | $11.94B | $15.26B | $20.91B | ||||||
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | — | ||||||
| E-Commerce & Other Services | — | — | — | — | ||||||
| The Assistance Related To E-Commerce & Other Services | — | — | — | — | ||||||
| Digital Entertainment | — | — | — | — | ||||||
| Garena Platform Offers Mobile & Pc Online Games Across The Region And Develops Mobile Games For The Global Market. Garena Is The Region'S Leader In Esports, It Also Provides Access To Other Entertainment Content And Social Features, Such As Live Streaming Of Gameplay, User Chat And Online Forums | — | — | — | — | ||||||
| Sales Of Goods | — | $1.12B | $1.56B | $2.03B | ||||||
| Product | $1.11B | — | — | — | ||||||
| Third-Party Customers | — | — | — | — | ||||||
| Intercompanies | $176.07M | $248.64M | — | — | ||||||
| Total | $12.63B | $13.31B | $16.82B | $22.94B |
Sea brought in $22.94B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 36.4% from $16.82B in fiscal 2024. Service was the largest at $20.91B (91.2%), ahead of Sales Of Goods at $2.03B (8.8%).
Compared with fiscal 2024, Service grew 37.0% to $20.91B and Sales Of Goods grew 30.0% to $2.03B.
Sea stopped reporting Product ($1.11B in fiscal 2022) and Intercompanies ($248.64M in fiscal 2023) as separate lines.
Sea (SE) reports its revenue by geography, by segment and by product and service. In fiscal 2025, Southeast Asia Excluding Singapore was its largest region, bringing in $14.38B (62.7% of the total), followed by Latin America at $5.53B (24.1%).
Southeast Asia Excluding Singapore was Sea's largest region in fiscal 2025, bringing in $14.38B, or 62.7% of the $22.94B total across its five regions.
Shopee'S Platform Is A Mobile-Centric, Social-Focused Marketplace. It Provides Users With A Convenient, Safe, & Trusted Shopping Environment With Integrated Payment, Logistics Infrastructure And Comprehensive Seller Services. Products From Manufacturers And Third Parties Are Also Purchased And Sold Directly To Buyers On The Shopee Platform was Sea's largest segment in fiscal 2025, bringing in $16.56B, or 72.2% of the $22.94B total across its four segments.
Service was Sea's largest product and service line in fiscal 2025, bringing in $20.91B, or 91.2% of the $22.94B total across its two product and service lines.
Among Sea's regions that make up at least 2% of revenue, Latin America grew fastest in fiscal 2025, up 68.9% from $3.28B to $5.53B.
Every figure comes from Sea's annual financial filings, as reported. Each line keeps the name Sea gives it, and years follow its fiscal calendar.
Sea's revenue by geography goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.