XML 107 R89.htm IDEA: XBRL DOCUMENT v3.26.1
SEGMENT REPORTING, Information about Segments (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
SEGMENT REPORTING [Abstract]      
Number of reportable segments | Segment 3    
Segment Information [Abstract]      
Revenue $ 22,938,469 $ 16,819,866 $ 13,063,560
Sales and marketing expenses (4,492,203) (3,472,686) (2,779,223)
Provision for credit losses (1,372,616) (776,937) (633,942)
Operating segment income (loss) 2,647,268 1,452,989 1,060,882
Unallocated expenses [1] (661,962) (790,837) (836,104)
Operating income 1,985,306 662,152 224,778
Non-operating income, net 295,553 116,631 207,616
Income tax expense (651,081) (321,168) (262,680)
Share of results of equity investees (18,884) (9,788) (7,032)
Net income 1,610,894 447,827 162,682
Other Services [Member]      
Segment Information [Abstract]      
Revenue [2] 173,458 126,307 131,281
Cost of revenue [2],[3] 0 0 0
Sales and marketing expenses [2],[3] 0 0 0
Provision for credit losses [2],[3] 0 0 0
Other operating expenses [2],[3],[4] (263,995) (170,210) (188,009)
Operating segment income (loss) [2] (90,537) (43,903) (56,728)
Operating Segments [Member] | E-Commerce (Shopee) [Member]      
Segment Information [Abstract]      
Revenue 16,564,605 12,415,231 9,000,848
Cost of revenue [3] (11,380,266) (8,611,530) (6,194,900)
Sales and marketing expenses [3] (3,546,753) (2,966,084) (2,510,693)
Provision for credit losses [3] 0 0 0
Other operating expenses [3],[4] (1,056,534) (977,048) (845,725)
Operating segment income (loss) 581,052 (139,431) (550,470)
Operating Segments [Member] | Digital Financial Services (Monee) [Member]      
Segment Information [Abstract]      
Revenue 3,791,641 2,367,739 1,759,422
Cost of revenue [3] (475,024) (348,424) (279,745)
Sales and marketing expenses [3] (614,228) (298,386) (116,445)
Provision for credit losses [3] (1,365,556) (771,407) (630,300)
Other operating expenses [3],[4] (364,151) (292,020) (242,723)
Operating segment income (loss) 972,682 657,502 490,209
Operating Segments [Member] | Digital Entertainment (Garena) [Member]      
Segment Information [Abstract]      
Revenue 2,408,765 1,910,589 2,172,009
Cost of revenue [3] (791,378) (610,586) (672,481)
Sales and marketing expenses [3] (174,104) (117,556) (104,721)
Provision for credit losses [3] 0 0 0
Other operating expenses [3],[4] (259,212) (203,626) (216,936)
Operating segment income (loss) $ 1,184,071 $ 978,821 $ 1,177,871
[1] Unallocated expenses are mainly related to share-based compensation, impairment of goodwill of prior acquisitions that are not under the Company’s reportable segments, and general and corporate administrative costs such as professional fees and other miscellaneous items that are not allocated to segments. These expenses are excluded from segment results as they are not reviewed by the CODM as part of segment performance.
[2] A combination of multiple business activities that do not meet the quantitative thresholds to qualify as reportable segments are grouped together as “Other Services”.
[3] The significant expenses categories and amounts align with the segment-level information that is regularly provided to the CODM.
[4] Other operating expenses for E-commerce and Digital Entertainment include general and administrative expenses, research and development expenses, and provision for credit losses net of other operating income. Other operating expenses for Digital Financial Services include general and administrative expenses, and research and development expenses net of other operating income.