Sea Ltd Q2 2026 Revenue Up 48% to $7.788 Billion; Shares Jump 11%

Sea Limited announced its second-quarter 2026 financial results, with revenue reaching $7.788 billion, up 48.1% year over year. Diluted earnings per share were $0.70, up 7.7% year over year. Gross profit was $3.5 billion, up 47.3% year over year, while net profit was $458 million, up 10.6%. Following the results, the company's shares rose more than 11% intraday to $127.72, with trading volume of $720 million, hitting a six-month high.

Among the company's three main business segments, digital entertainment unit Garena posted revenue of $746.6 million, up 33.5% year over year. Garena, the developer and publisher of the mobile game Free Fire, reported strong bookings and profitability for the quarter, with daily active users exceeding 100 million. The company recently announced the launch of two new mobile games, Palworld Online and Monster Hunter Outlanders.

E-commerce platform Shopee generated second-quarter revenue of $5.6 billion, up 48.2% year over year. Gross merchandise value rose 28.4% to $38.3 billion, and total orders increased 27.5% to 4.2 billion. Core marketplace revenue grew 65.6% to $4.3 billion. Shopee delivered an overall strong performance in the first half of 2026, with second-quarter gross merchandise value, total orders, and revenue all setting new quarterly records.

Digital financial services unit Monee posted second-quarter revenue of $1.4 billion, up 58.9% year over year, driven mainly by growth in small and medium enterprise lending and consumer lending. During the quarter, the company repurchased 4.7 million shares for $416.8 million.