For the full year period, the group’s total GAAP (or generally accepted accounting principles) revenue stood at US$13.1 billion, up 4.9% y-o-y. This came off the back of a 23.5% y-o-y increase in GAAP revenue for its e-commerce segment, Shopee, which amounted to US$9.0 billion.
Sea Limited has reported a total net income of US$162.7 million ($218.5 million) for the FY2023 ended Dec 31, 2023, its first full year of annual profit since its initial public offering (IPO) in October 2017.
In FY2022, the group recorded a net loss of US$1.66 billion, translating to a loss per share of US$2.96. For FY2023, earnings per share (EPS) on a fully diluted basis came to 25 US cents.
