Sea Ltd reported first-quarter 2026 revenue of $7.1 billion on May 12.
Revenue grew 46.6% year-over-year to exceed analyst expectations. Earnings per share reached $0.67. This figure missed the consensus estimate of $0.77.
The e-commerce division, Shopee, achieved record highs in gross merchandise volume and orders. Garena, the digital entertainment arm, recorded its best quarterly performance since 2021.
Sea Ltd stock closed up over 13% on May 12. Investors prioritized the significant revenue growth and core division performance over the earnings miss.