Sea Profit Beats, Raises Shopee Outlook to $1B; Shares Surge 11%
SE sits 65% above its 52-week low of $77.05.
Summary
Sea Ltd delivered a strong Q2 beat, with net income of $458.1M topping consensus by $24M and revenue jumping 48% to $7.79B. The standout is Shopee, where record GMV and order volume drove a 12% EBITDA increase, prompting management to raise full-year adjusted EBITDA guidance to $1B — a significant upgrade from prior expectations of flat earnings. Monee revenue surged 59%, and Garena bookings rose 15.5%, showing broad-based momentum. Shares are up 11% premarket, adding to a 35% gain over the past three months. The raised Shopee outlook signals management confidence in sustained e-commerce profitability, a key driver for the stock.
At the time of this announcement, SE was trading at $127.20 on NYSE in the Trade & Services 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.