SE's Credit Loss Provisions Surge: Is Digital Finance Growth at Risk?
Key Takeaways SE's provision for credit losses jumped 76.3% YoY in Q3 2025, outpacing revenue growth of 38.3%.SE's DFS revenues rose 60.8% as consumer and SME loan balances climbed nearly 70% YoY.SE flagged DFS cost increases from collections and fees as credit risk rises among new borrowers.Sea Limited’s (SE) digital finance expansion is accelerating, but the sharp rise in credit loss provisions raises concerns about the sustainability of growth.In the third quarter of 2025, Sea Limited’s provision for cre ...