Overview
- Sea reported second-quarter revenue of $7.8 billion on Tuesday, a roughly 48% year-over-year increase that exceeded Wall Street forecasts.
- Shopee delivered a record quarter with $5.1 billion in revenue, record gross merchandise volume and order volume while Monee and Garena also posted strong year-over-year gains.
- The company recorded net income of $458 million and adjusted EPS of $0.70, which missed some analyst estimates despite the top-line beat.
- Management reaffirmed full-year 2026 guidance for about 25% Shopee GMV growth and adjusted EBITDA at or above 2025 levels and disclosed 4.7 million shares repurchased so far under a $1 billion buyback plan.
- Shares jumped in trading—rising as much as 14.8% intraday—with analysts largely positive on the print but investors are watching COO Gang Ye’s repeated 20,000-share sales and valuation metrics around a roughly $70 billion market cap for signals about momentum and confidence.