Sea Ltd, a Singapore-based technology company, reported a 36.9% increase in Q4 revenue, reaching US$4.95 billion and surpassing analysts’ expectations of US$4.62 billion.

Shopee, its dominant ecommerce platform in Indonesia, accounted for over two-thirds of total revenue, growing 41.3% due to strong holiday season spending.

SeaMoney, the company’s digital financial services division, saw revenue surge by 55.2%, exceeding analysts’ projections of 35.3%.

Meanwhile, Garena expects double-digit growth in user base and bookings in 2025.

In September, Sea partnered with YouTube to enable direct purchases from Shopee via YouTube links in Indonesia.

Following the earnings report, Sea Ltd’s US-listed shares jumped 11% in premarket trading.