Sea Limited stock: Q3 revenue jumps 43.4%, buyback expands
Published on 11/12/2026 at 14:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSea Limited builds on broad growth
- Shopee revenue rose 41.3 percent and reached a record adjusted EBITDA quarter.
- Monee revenue climbed 63.9 percent as Sea continued expanding its credit business.
- The board approved an additional 1.0 billion US dollar share repurchase authorization without expiration.
Sea Limited reported a sharp expansion across its business lines for the third quarter ended September 30, 2026. In results released on November 10, the Singapore-based technology group said GAAP revenue rose 43.4 percent year over year to 8.582 billion US dollars, while net income increased 34.0 percent to 502.5 million US dollars. Adjusted EBITDA climbed 28.9 percent to 931.3 million US dollars, according to Business Wire.
Growth reaches all three segments
Shopee remained the largest contributor, with revenue rising 41.3 percent to 6.070 billion US dollars. Core marketplace revenue, which includes transaction fees and advertising services, increased 50.6 percent to 4.600 billion US dollars. Shopee adjusted EBITDA reached 269.2 million US dollars, up 44.7 percent, giving the e-commerce business its strongest quarterly profitability in the reported period.
Monee revenue grew 63.9 percent to 1.622 billion US dollars. The digital financial-services segment generated adjusted EBITDA of 298.3 million US dollars, an increase of 15.5 percent. Sea said its credit expansion continued to support growth, but the provision for credit losses also rose 82.3 percent year over year to 681.5 million US dollars at group level. That increase keeps underwriting and portfolio quality central to the investment case as lending expands.
Garena revenue advanced 28.6 percent to 840.1 million US dollars, while adjusted EBITDA rose 45.9 percent to 458.2 million US dollars. Management highlighted continued bookings growth and improving profitability, with Free Fire supporting the gaming division and Arena of Valor maintaining momentum.
Buyback adds capital-return support
Sea said it had repurchased 11.1 million shares for 997.2 million US dollars under its previous 1.0 billion US dollar authorization as of November 10. The board approved a further 1.0 billion US dollar authorization on November 9 without an expiration date. The timing, amount and method of future purchases will depend on market conditions and other considerations.
For investors, the new authorization strengthens the capital-return element of the story while the operating businesses continue to require investment. Sales and marketing expenses increased 64.0 percent in the quarter, and the group reported 1.9 billion US dollars of operating expenditure in that category. The combination of fast revenue growth, higher adjusted EBITDA and rising credit costs leaves execution and risk discipline as the key factors for the next reporting periods.
Sea Limited stock traded at 66.90 euros on Lang & Schwarz at 14:11 CET on Thursday, November 12, 2026.
Sea Limited
- Company: Sea Limited
- ISIN: US81141R1005
- Ticker: SE
- Home exchange: NYSE
- Lang & Schwarz quote: 66.90 euros on Thursday, November 12, 2026, at 14:11 CET
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