Sea Ltd Revenue Soars 48% in Q2, Defying E-Commerce Slowdown
SE sits 56% above its 52-week low of $77.05.
Summary
Sea Ltd posted a 48% year-over-year revenue jump in the second quarter, signaling robust growth across its e-commerce and gaming platforms. Shopee's gross merchandise value grew 28%, and the company raised full-year Shopee adjusted EBITDA guidance to $1 billion, up from prior expectations of flat earnings, citing strengthened unit economics from improved operational efficiency and growing scale. Despite recent cost-cutting moves, including Shopee developer layoffs in June, Q2 net income was $458.1 million, beating consensus by $24 million, and shares rose 11% premarket. With a $70B market cap, this top-line acceleration could shift sentiment after a period of insider selling by the COO and CFO. The market will now look for margin details and guidance on the earnings call to gauge sustainability.
Updated with a Dow Jones Newswires report · What changed
Updates
· SEC 6-K — Q2 GAAP revenue was $7.8B, up 48.1% YoY; net income $458.1M, up 10.6%; adjusted EBITDA $917.2M, up 10.6%. Shopee GMV $38.3B, up 28.4%; gross orders 4.2B, up 27.5%. Monee revenue $1.4B, up 58.9%; loans principal outstanding $11.1B, up 62.5%. Garena bookings $763.5M, up 15.5%; quarterly active users 666.3M.
· Dow Jones Newswires — Sea raised full-year Shopee adjusted EBITDA guidance to $1B, up from prior expectations of flat earnings. Q2 net income was $458.1M, beating consensus by $24M; shares rose 11% premarket.
At the time of this announcement, SE was trading at $120.50 on NYSE in the Technology sector, with a market capitalization of approximately $70.3B. The 52-week trading range was $77.05 to $199.30. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.