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 CEO expects Shopee's adjusted EBITDA to reach $1 billion by 2026, citing strengthened unit economics from improved operational efficiency and growing scale. Despite recent cost-cutting moves, including Shopee developer layoffs in June, the quarterly profit rose on strong e-commerce demand, though the company also revealed a drop in Q2 income. 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.
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.