Sea Limited delivered a significant revenue beat for the second quarter 2026, with top-line growth of 48.1% year-over-year. Performance was primarily fueled by the e-commerce segment's continued market leadership and significant expansion in the digital credit business, though increased sales and marketing expenses led to an EPS miss against analyst projections.
Key Highlights
- Shopee outperformed expectations with GMV of $38.3 billion, representing 28.4% year-over-year growth, alongside a 48.2% increase in GAAP revenue.
- Digital financial services (Monee) saw revenue surge 58.9% to $1.4 billion, with the credit portfolio growing 62.5% to reach $11.1 billion in principal outstanding.
- The company utilized $416.8 million during the quarter to repurchase 4.7 million shares as part of its ongoing $1.0 billion share buyback program.