Sea doubles annual earnings, yet profitability worries drag shares down in worst drop in 2 years [Fortune]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Fortune
Yet concerns about profitability sent the company's shares into their worst drop in two years. The Singapore company posted full-year revenue of $22.9 billion, a 36.4% increase from the previous year. Net profits also rose by almost 260%, from $447.8 million to $1.6 billion. Fintech division Monee was the company's fastest-growing division, posting 60% growth over 2025. (During the earnings call, Li added that Sea wants to continue expanding the division's suite of products, foraying into areas like digital banking and insurance). “We see much headroom to strengthen our market leadership and improve e-commerce penetration in Taiwan,” said Forrest Li, Sea's CEO, during the company's earnings call. He added that Sea is also looking to strengthen its fulfillment capabilities in Brazil—its fastest-growing market in 2025. Sea is also trying to grow its AI use. Last month, the firm signed a partnership with Google to develop AI tools to its three business segments, specifically agenti
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