Sea Ltd Q2 Revenue Jumps 48% to $7.8B, Net Income Hits $458M
SE sits 71% above its 52-week low of $77.05 on elevated volume (3.3× avg).
Summary
Sea Ltd reported Q2 2026 revenue of $7.8 billion, up 48% year-over-year, with net income of $458 million. All three business segments showed strong growth, and the company repurchased $417 million in shares.
Key Events · Earnings and Guidance · SE
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Revenue Surges 48% to $7.8B
Total GAAP revenue reached $7.8 billion, driven by 49% growth in Shopee, 59% in Monee, and 34% in Garena.
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Net Income Rises to $458M
Net income increased 10.6% year-over-year to $458.1 million, with diluted EPS of $0.70.
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Shopee GMV Hits $38.3B
Gross merchandise value grew 28.4% to $38.3 billion, with core marketplace revenue up 65.6% to $4.3 billion.
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Monee Loan Book Expands 63%
Consumer and SME loans outstanding reached $11.1 billion, while non-performing loans remained stable at 1.0%.
Analysis · SE · Trade & Services
A standout second quarter saw Sea Ltd's revenue surge 48% to $7.8 billion, while net income climbed 11% to $458 million. All three business segments—Shopee, Monee, and Garena—delivered double-digit growth, underscoring the company's ability to scale profitably across e-commerce, digital finance, and gaming. Shopee's core marketplace revenue jumped 66%, and Monee's loan book expanded 63% with stable credit quality. Garena's bookings grew 16%, driven by Free Fire's enduring popularity. The company also bought back $417 million in shares, signaling confidence in its valuation. This report reinforces Sea's position as a dominant force in Southeast Asia's digital economy, with improving unit economics and a clear path to sustained profitability.
At the time of this filing, SE was trading at $131.50 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 filing was assessed with positive market sentiment and an importance score of 9 out of 10.