Sea Limited stock reports strong second quarter growth

Published on 10/06/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sea Limited stock carries a USD 7.79 billion second-quarter revenue result from August 11, 2026. Analysts set a USD 149.40 average target across 14 ratings.

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Sea Limited (ISIN US81141R1005) was last at USD 96.39 on the NYSE on October 6, 2026, at 12:12 p.m. ET, down 0.47 percent. The company reported USD 7.79 billion in second-quarter 2026 revenue, up 48.3 percent year over year, according to Yahoo Finance on August 11, 2026.

Revenue growth stays broad

The second-quarter results show growth across Sea's three main platforms. Yahoo Finance reported that Shopee generated USD 5.6 billion in GAAP revenue, up 49 percent year over year, while Monee revenue increased 59 percent to USD 1.4 billion. Garena revenue rose 34 percent to USD 747 million in the quarter ended June 30, 2026.

Shopee's gross merchandise volume reached USD 38.3 billion, an increase of 28 percent from the second quarter of 2025. Monee's consumer and small-business loan principal outstanding rose 62 percent year over year to USD 11.1 billion, giving Sea a second major growth engine beyond e-commerce.

Profit growth meets execution risk

Sea's adjusted EBITDA increased 11 percent year over year to USD 917 million in the second quarter of 2026, while net income rose 11 percent to USD 458 million, according to Yahoo Finance. Garena adjusted EBITDA increased 17 percent to USD 430 million, and Shopee adjusted EBITDA rose 12 percent to USD 255 million.

The earnings mix also highlights the main counter-factor. Quarterly EPS came in at USD 0.70 against a USD 0.86 consensus estimate, even as revenue of USD 7.79 billion exceeded the USD 7.12 billion estimate, according to MarketBeat on October 6, 2026. For investors, Sea's growth rate is therefore competing with the need to convert scale into more consistent earnings.

Analysts see a higher valuation

MarketBeat reported on October 6, 2026, that 14 ratings firms assign Sea a Moderate Buy consensus, with an average 12-month target of USD 149.40. That target lies 55.0 percent above the USD 96.39 intraday price.

Analyst views have also moved higher in individual cases. MarketScreener reported that Arete Research upgraded Sea from Neutral to Buy and raised its target from USD 101 to USD 152 on September 8, 2026. The gap between strong operating growth and below-consensus EPS remains the central valuation question.

Stock stays below yearly high

Sea Limited was last at USD 96.39 on the NYSE on October 6, 2026, with a market capitalization of USD 57.9 billion. The price sits within a 52-week range of USD 77.05 to USD 193.48, while trading volume had reached 2,937,712 shares at the quoted time.