Shopee Revenue and Usage Statistics (2024)

Shopee, a Singapore-based e-commerce platform serving Southeast Asia and Taiwan, is among the biggest players in the markets it is active in. The parent company of Shopee, which was launched in Singapore in 2015, is Sea. Founded by Forrest Li, the company had revenue of $1.52 billion in the first quarter of 2022.

Company Overview

Shopee Revenue Statistics (2024)

Shopee revenue data is derived from the total e-commerce revenue that Sea reports quarterly.

• Shopee revenue for Q2 2024 was $2.8 billion, up 33.7% year-on-year. Adjusted EBITDA for Shopee was US$(9.2) million, as compared to $150.3 million for the second quarter of 2023. (SEA)
• Annual Shopee revenue for 2023 was $9 billion, up 23.5% year-over-year. Adjusted EBITDA for the full year was $(213.8) million, as compared to $(1.7) billion for the full year 2022.

• Shopee’s GMV (Gross Merchandise Revenue) for the second quarter of 2024 was $23.3 billion, up 29.1% year-over-year. GMV for the full year 2023 was $78.5 billion, up 6.8% year-over-year.

• Shopee’s parent company Sea reported a revenue of $3.8 billion for the second quarter of 2024, up 23% year-on-year.
• Sea revenue for the full year 2023 was $13.1 billion, an increase of 4.9% year-over-year.

Shopee Usage Statistics (2024)

• In the fourth quarter of 2023, gross Shopee orders totaled 2.5 billion, up 40.3% year-over-year.
• Gross orders for the full year 2023 totaled 8.2 billion, an increase of 8.8% year-over-year.

• For Q2 2022, in Southeast Asia overall, Indonesia and Taiwan respectively, Shopee continued to rank first in the Shopping category by average monthly active users and total time spent in app for the second quarter of 2022, according to data.ai.
• Globally, Shopee was the top ranked app on Google Play in the Shopping category by total time spent in app and second by average monthly active users in the second quarter of 2022.