Quarterly ResultMay 12, 2026, 04:12 PM
Sea Ltd Q1 Revenue $7.1B, +46.6%; Net Income $438.2M, +6.7%
AI Summary
Sea Ltd reported strong first-quarter 2026 financial results, with GAAP revenue increasing 46.6% year-on-year to $7.1 billion and net income rising 6.7% to $438.2 million. The company's e-commerce platform, Shopee, achieved record GMV and gross orders, while digital financial services (Monee) and digital entertainment (Garena) also demonstrated healthy growth. Sea is focusing on deepening competitive moats and maintaining financial discipline for long-term value.
Key Highlights
- GAAP revenue increased 46.6% year-on-year to $7.1 billion.
- Net income rose 6.7% year-on-year to $438.2 million.
- Adjusted EBITDA grew 9.3% year-on-year to $1.0 billion.
- Shopee's GMV reached $37.3 billion, up 30.2% year-on-year, with 4.0 billion gross orders.
- Monee's GAAP revenue increased 57.8% to $1.2 billion; loans outstanding grew 71.3% to $9.9 billion.
- Garena's bookings were $931.4 million, up 20.1% year-on-year, with paying users up 12.4%.
- Repurchased 1.8 million shares for $168.4 million under the $1.0 billion program.