Third Quarter 2021 Results

1 November 2021 Third Quarter 2021 Results1 DisclaimerThispresentationbySeaLimited( Sea ) safeharbor may, could, will, expect, anticipate, aim, future, intend, plan, believe, estimate, likelyto, potential, confident, guidance, ,statementsthatarenothistoricalfacts,inc ludingstatementsaboutSea sbeliefsandexpectations,thebusiness,fina ncialandmarketoutlook,projections,andSea sstrategicandoperationalplans, (the SEC ),initsannualreporttoshareholders,inpres sreleasesandotherwrittenmaterialsandinor alstatementsmadebyitsofficers, ,includingbutnotlimitedtothefollowing:Se a sgoalsandstrategies;itsfuturebusinessdev elopment,financialcondition,financialres ults,andresultsofoperations;thegrowthin, andmarketsizeof,thedigitalentertainment, e-commerceanddigitalfinancialservicesind ustriesinthemarketswhereitoperates,inclu dingsegmentswithinthoseindustries;expect edchangesinitsrevenue,costsorexpenditure s;itsabilitytocontinuetosource,developan doffernewandattractiveonlinegamesandtoof ferotherengagingdigitalentertainmentcont ent;thegrowthofitsdigitalentertainment,e -commerceanddigitalfinancialservicesbusi nesses;itsexpectationsregardinggrowthini tsuserbase,levelofengagement,andmonetiza tion;itsabilitytocontinuetodevelopnewtec hnologiesand/orupgradeitsexistingtechnol ogies;itsexpectationsregardingtheuseofpr oceedsfromitsfinancingactivities,includi ngitsfollow-onofferingsandconvertiblenot esofferings;growthandtrendsofitsmarketsa ndcompetitioninitsindustries;governmentp oliciesandregulationsrelatingtoitsindust ries;generaleconomicandbusinesscondition sinitsmarkets.

2 Andtheimpactofwidespreadhealthdevelopmen ts,includingtheCOVID-19pandemic,andthere sponsesthereto(suchasvoluntaryandinsomec ases,mandatoryquarantinesaswellasshutdow nsandotherrestrictionsontravelandcommerc ial,socialandotheractivities,andtheavail abilityofeffectivevaccinesandtreatments) whichcould,amongotherthings,impactthebus inessandmanufacturingactivitiesofitsecos ystemparticipants,disrupttheglobalsupply chainincludingthoseofitssellersonitsplat formsandmerchantpartners, ,andSeaundertakesnoobligationtoupdateany forward-lookingstatement, ( GAAP ),including adjustedEBITDA, totaladjustedEBITDA, and netlossexcludingshare-basedcompensation. , 3Q2021 Results | , , , , 20203Q 20212 Group: Triple Digit Growth in GAAP RevenueDE GAAP RevenueEC GAAP RevenueDFS GAAP RevenueOther Services GAAP Revenue1US$ MillionsUS$ Billions134% YoY Growth in EC GAAP 20204Q 20201Q 20212Q 20213Q 2021US$ 20204Q 20201Q 20212Q 20213Q 2021 Note: Financial figures are combination of multiple business activities that does not meet the quantitative thresholds to qualify as reportable segments are grouped together as Other Services.

3 Revenue for the digital entertainment segment plus change in digital entertainment deferred revenue. This operating metric is used as an approximation of cash spent by our users in the applicable period that is attributable to our digital entertainment YoY Growth in Total GAAP Revenue29% YoY Growth in DE Bookings2 Sea 3Q2021 Results |Digital Entertainment: Large and Growing Global User Base3 MillionsQuarterly Active 20204Q 20201Q 20212Q 20213Q 2021 MillionsQuarterly Paying 20204Q 20201Q 20212Q 20213Q 2021 Sea 3Q2021 Results |4E-commerce: Extending Our Leading 20204Q 20201Q 20212Q 20213Q 2021US$ 20204Q 20201Q 20212Q 20213Q 2021 Gross OrdersSea 3Q2021 Results |5 Digital Financial Services: Efficiently Driving Increased AdoptionUS$ Billionin mobile wallet Total Payment Volume in 3Q 2021, up 111% compared to 3Q MillionQuarterly Paying Users for mobile wallet in 3Q 2021, up 120% compared to 3Q 2020 Sea 3Q2021 Results |6 Gross ProfitUS$ BillionsTotal Gross 3Q 20203Q 2021 Note: Financial figures are 3Q2021 Results |7 Non-GAAP EBITDAT otal Adjusted EBITDANote.

4 Financial figures are unaudited. Please refer to the appendix for details on reconciliation between GAAP and non-GAAP ( )3Q 20203Q 2021 Unallocated ExpensesDE Adjusted EBITDAEC Adjusted EBITDADFS Adjusted EBITDAO ther Services Adjusted EBITDAUS$ MillionsUS$ ( )( )( ) ( ) ( )( )( )( ) 3Q 20203Q 2021( )Sea 3Q2021 Results |8 Cost and Expense , 20203Q 2021US$ MillionsCost of 20203Q 2021US$ MillionsGeneral & Administrative , 20203Q 2021US$ MillionsSales & Marketing 20203Q 2021US$ MillionsResearch & Development ExpensesNote: Financial figures are 3Q2021 Results |9 Net Loss( )( )3Q 20203Q 2021US$ MillionsNet Loss( )( )3Q 20203Q 2021 Net Loss Excluding Share-based CompensationUS$ MillionsNote: Financial figures are unaudited. Please refer to the appendix for details on reconciliation between Net Loss and Net loss excluding share-based 3Q2021 Results |Cash and Cash Equivalents and Short-term InvestmentsUS$ 20204Q 20201Q 20212Q 20213Q 2021 Note: Financial figures are 3Q2021 Results |Raising Full Year 2021 E-commerce Guidance on Strong Growth11FY 2021 GuidanceE-commerce GAAP RevenueUS$ Billion -US$ YoY growth at midpoint(Previous.)

5 US$ Billion -US$ Billion)Sea 3Q2021 Results |12 AppendixSea 3Q2021 Results |13 Reconciliation Between GAAP and Non-GAAP EBITDAUS$ Thousands3Q 20203Q2021 Digital EntertainmentOperating income / (loss)278,614611,673 Net effect of changes in deferred revenue & related cost299,20093,707 Depreciation and amortization6,7119,759 Digital Entertainment Adjusted EBITDA584,525715,139E-commerceOperating income / (loss)(338,097)(741,399)Depreciation and amortization36,50757,586E-commerce Adjusted EBITDA(301,590)(683,813)Digital Financial ServicesOperating income / (loss)(151,567)(166,127)Depreciation and amortization2,3047,090 Digital Financial Services Adjusted EBITDA(149,263)(159,037)Note: Financial figures are 3Q2021 Results |14 Reconciliation Between GAAP and Non-GAAP EBITDAUS$ Thousands3Q 20203Q2021 Other ServicesOperating income / (loss)(11,039)(33,913)Depreciation and amortization1,9241,993 Other Services Adjusted EBITDA(9,115)(31,920)GroupOperating income / (loss)(305,473)(458,556)Net effect of changes in deferred revenue & related cost299,20093,707 Depreciation and amortization47,44676,428 Share-based compensation79,213122,967 Total Adjusted EBITDA120,386(165,454)Note: Financial figures are unaudited.

6 Sea 3Q2021 Results |15US$ Thousands3Q 20203Q 2021 GroupNet loss(425,262)(570,981)Share-based compensation79,213122,967 Net loss excluding share-based compensation(346,049)(448,014)Note: Financial figures are Between Net Loss and Net Loss Excluding Share-based CompensationSea 3Q2021 Results |