Sea Limited reported a significant increase in its fourth-quarter revenue, reaching $4.95 billion, marking a 37% year-over-year growth and surpassing analyst estimates. The company's net income for the quarter stood at $237.6 million, a stark contrast to the net loss of $111.6 million reported in the same period the previous year. Sea's e-commerce platform, Shopee, was a major contributor to this performance, with its gross merchandise value (GMV) reaching $28.6 billion in the fourth quarter and expected to rise by about 20% in 2025 to approximately $120.6 billion, exceeding the consensus estimate of $116.6 billion. The company's digital financial services, SeaMoney, also saw robust growth, with operating profit increasing by 34% to $657 million in 2024. This growth helped Sea achieve its second consecutive year of annual positive profit, with net profit for the full year reaching $447.8 million, a 175% increase from the previous year. Sea's CEO, Forrest Li, highlighted the strong double-digit growth across all three business segments, which exceeded the company's original guidance for the year. Shopee processed 3 billion orders in the fourth quarter, while Garena's revenue was $519.1 million and financial services revenue reached $733.3 million. Total revenue for 2024 was $16.8 billion. Following the earnings announcement, Sea's shares rose 7.1% to $132.31 in New York trading, boosting the fortunes of its billionaire founders. Forrest Li's net worth increased by $575 million to $8.4 billion, while co-founders Gang Ye and David Chen saw their wealth rise by $301 million and $105 million respectively.