Sea Limited stock gains focus after Q3 revenue jumps 43.4%

Sea Limited reported strong third-quarter growth across its three core businesses on November 10, 2026, while expanding its capital-return program. According to the company release published by Business Wire, GAAP revenue rose 43.4 percent year on year to 8.6 billion US dollars in the quarter ended September 30.

Sea Limited stock traded at 70.20 euros on Lang & Schwarz at 14:12 CET on Wednesday, November 11, 2026. The quote provides a current trading indication for the euro instrument, while the latest earnings release remains the central fundamental driver for investors assessing the company.

Growth broadens across core businesses

Gross profit increased 51.4 percent to 3.9 billion US dollars, and net income advanced 34.0 percent to 502.5 million US dollars from 375.0 million US dollars a year earlier. Total adjusted EBITDA, a non-GAAP measure, rose 28.9 percent to 931.3 million US dollars. Diluted earnings per share increased to 0.78 US dollars from 0.59 US dollars.

Shopee remained the largest contributor. Revenue climbed 41.3 percent to 6.1 billion US dollars, while gross merchandise volume rose 23.3 percent to 39.7 billion US dollars. Gross orders increased 25.5 percent to 4.5 billion, and adjusted EBITDA grew 44.7 percent to 269.2 million US dollars. Core marketplace revenue, which mainly includes transaction fees and advertising, advanced 50.6 percent to 4.6 billion US dollars.

Monee delivered the fastest revenue growth among the main segments. Revenue increased 63.9 percent to 1.6 billion US dollars, and adjusted EBITDA rose 15.5 percent to 298.3 million US dollars. Consumer and small-business loans outstanding reached 12.6 billion US dollars, up 60.0 percent year on year. At the same time, loans past due by more than 90 days increased to 1.3 percent of the portfolio from 1.1 percent.

Garena revenue advanced 28.6 percent to 840.1 million US dollars. Bookings rose 5.9 percent to 890.0 million US dollars, while adjusted EBITDA increased 45.9 percent to 458.2 million US dollars. The company said Free Fire supported bookings growth and that Arena of Valor continued its momentum.

Buyback adds capital-return support

Sea said it had repurchased 11.1 million shares for 997.2 million US dollars under its existing 1.0 billion US-dollar authorization as of November 10. The board approved another 1.0 billion US dollars on November 9, without an expiration date. The timing, amount and method of future purchases will depend on market conditions and other considerations.

The results combine strong top-line momentum with a higher credit-loss provision. Sea reported a provision for credit losses of 681.5 million US dollars, up 82.3 percent from the prior-year quarter, making portfolio quality an important factor for the Monee outlook. Management nevertheless said it would continue to expand the business while maintaining discipline in risk management and investment.

Adjusted earnings per share of 0.78 US dollars missed the 0.99 US-dollar consensus cited by Yahoo Finance, even as revenue exceeded the 8.1 billion US-dollar estimate. That contrast leaves investors balancing broad operating growth against expectations already embedded in the share price.

Broader sentiment for US equities remains relevant for Sea Limited stock; investors can follow the S&P 500 for the wider market backdrop.

Further results, management commentary and operating updates are available in More news and analyses on Sea Limited stock.