Q4 2025 Sea Ltd Earnings Call Transcript

Mar 03, 2026 / 12:30PM GMT

Release Date Price: $87.82 (-16.53%)

Transcript

Operator

Good morning and good evening to all, and welcome to the Sea Ltd fourth quarter and full year 2025 results conference call. (Operator Instructions) And finally, I would like to advise all participants that this call is being recorded.

Thank you. I would now like to welcome Mr. Elson Choi to begin the conference. Please go ahead, sir.

Elson Choi

Sea Ltd - Investor Relations

Hello everyone, and welcome to Seaâs 2025 fourth quarter and full year earnings conference call. I am Elson from Seaâs Investor Relations team. On this call, we may make forward-looking statements, which are inherently subject to risks and uncertainties and may not be realized in the future for various reasons as stated in our press release.

Also, this call includes the discussion of certain non-GAAP financial measures such as adjusted EBITDA. We believe these measures can enhance our investorsâ understanding of the actual cash flows of our major businesses when used as a complement to our GAAP disclosures. For a discussion of the use of non-GAAP financial measures and

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