Sea Limited: Mixed — EPS $0.78, Revenue $8.58B
Mixed ResultQ3 2026 · Pre-market
Did Sea Limited (SE) beat earnings today?
It was a mixed report for Q3 2026 — Sea Limited (SE) beat on revenue but missed on EPS.
Earnings Per Share-1.27% surprise
$0.78Actual
Expected: $0.79
vs. year ago +28.6%
Total Revenue+6.22% surprise
$8.58BActual
Expected: $8.08B
vs. year ago +43.4%
Released Nov 10 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $8.58B | $5.99B | +43.4% |
| Revenue detail — reported lines | |||
| └─Service revenue | $7.83B | $5.47B | +43.3% |
| └─Sales of goods | $748.59M | $517.65M | +44.6% |
| └─Shopee | $5.32B | $3.78B | +40.9% |
| └─Monee | $1.62B | $989.86M | +63.9% |
| └─Garena | $840.11M | $653.03M | +28.6% |
| └─Other Services | $47.63M | $46.80M | +1.8% |
| └─Core marketplace | $4.60B | $3.06B | +50.6% |
| └─Value-added services | $724.38M | $723.56M | +0.1% |
| └─Total Shopee revenue | $6.07B | $4.29B | +41.3% |
| Net income | $502.46M | $374.99M | +34.0% |
| Basic EPS | $0.81 | $0.63 | +28.6% |
| Diluted EPS | $0.78 | $0.59 | +32.2% |
Business Highlights
- ➤Shopee achieved new record highs in top- and bottom-line metrics.
- ➤Shopee expanded its buyer base, monetization, and unit economics.
- ➤Monee extended credit into more everyday spending scenarios, both on- and off-Shopee.
- ➤Garena’s Free Fire delivered strong bookings growth.
- ➤Arena of Valor maintained momentum following its 10th-year anniversary celebrations.
- ➤Garena reported 671.7 million quarterly active users.
- ➤Garena’s paying-user ratio reached 10.2%.
- ➤Sea repurchased 11.1 million shares under its repurchase program.
- ➤The board approved an additional $1.0 billion share-repurchase authorization without expiration.
Management Commentary
Forrest Li, Chairman and Chief Executive Officer
“Our strong momentum from the first half of the year has continued into the third quarter. We are pleased with this solid performance, and will continue to focus on executing our priorities with discipline.”
Forrest Li, Chairman and Chief Executive Officer
“Shopee delivered another strong quarter, again achieving new record highs in both top- and bottom-line metrics. Our strategies have proven effective at strengthening our fundamentals, giving us a growing buyer base, stronger monetization, and improving unit economics.”
Forrest Li, Chairman and Chief Executive Officer
“Monee also delivered another quarter of healthy growth while staying disciplined in how we manage risk and how we invest. We are reaching more users, deepening relationships with existing ones, and extending credit into more everyday spending scenarios, both on- and off-Shopee.”
Forrest Li, Chairman and Chief Executive Officer
“Garena delivered a solid third quarter, with bookings continuing to grow and profitability continuing to improve. Free Fire anchored this performance with strong bookings growth, and Arena of Valor continued its strong momentum from its 10th year anniversary celebrations.”