As of Q3'25, Sea Limited's current contract liabilities reached USD 4.9B, marking the highest value in the period covered. This latest figure continues the upward trajectory seen throughout 2024 and 2025, reflecting a substantial increase from the previous quarter's USD 4.7B. From Q4'22 to Q3'25, current contract liabilities have shown a clear growth trend, rising from USD 3.5B to USD 4.9B. After a slight dip in early 2023, the metric rebounded and accelerated, particularly from Q4'23 onward. This consistent increase suggests expanding business activity and higher deferred revenue, indicating strong customer prepayments and robust demand over the observed quarters.