Sea Ltd. Stock Soars as Shopee Achieves Profitability

Sea Ltd. surpasses third-quarter revenue estimates, driven by strong e-commerce and financial services performance.

Sea Ltd. reported a 30.8% increase in third-quarter revenue to $4.33 billion, exceeding analyst expectations.
The company's e-commerce platform, Shopee, turned profitable with a 42.6% rise in revenue, reaching $3.2 billion.
Sea's financial services unit, SeaMoney, saw a 38% revenue growth, significantly beating the expected 21.7% increase.
Shares of Sea Ltd. have more than doubled in value this year, reflecting investor confidence in Shopee's market dominance.
Sea Ltd. continues to face competition from major Chinese e-commerce players but remains a leader in Southeast Asian markets.