Sea Limited stock: Q3 revenue jumps 43.4%, buyback expands

Sea Limited reported strong third-quarter growth on November 10, with revenue, profit and adjusted EBITDA rising across its core businesses. The results were released by Sea and carried by Business Wire.

Sea Limited stock traded at 67.50 euros on Lang & Schwarz at 14:11 CET on Friday, November 13, 2026.

Revenue Growth Reaches All Three Segments

For the three months ended September 30, Sea generated GAAP revenue of US$8.6 billion, up 43.4 percent from the same quarter a year earlier. Gross profit increased 51.4 percent to US$3.9 billion, while net income rose 34.0 percent to US$502.5 million. Diluted earnings per share reached US$0.78, compared with US$0.59 in the third quarter of 2025.

Adjusted EBITDA rose 28.9 percent year over year to US$931.3 million. Shopee contributed US$269.2 million, up 44.7 percent, while Monee generated US$298.3 million, an increase of 15.5 percent. Garena's adjusted EBITDA climbed 45.9 percent to US$458.2 million.

Shopee Leads Platform Expansion

Shopee revenue increased 41.3 percent to US$6.1 billion. Core marketplace revenue, which mainly includes transaction fees and advertising, rose 50.6 percent to US$4.6 billion. The figures point to stronger monetization alongside continued expansion in the e-commerce platform's operating scale.

Monee revenue advanced 63.9 percent to US$1.6 billion. Sea said the digital financial services business continued to expand its user relationships and credit offering while maintaining a disciplined approach to risk. The company also reported higher credit-loss provisions, which rose 82.3 percent year over year to US$681.5 million.

Garena revenue grew 28.6 percent to US$840.1 million. Sea said bookings continued to increase and profitability improved, with Free Fire supporting performance and Arena of Valor benefiting from momentum around its tenth anniversary celebrations.

Buyback Adds Capital-Return Support

Sea said it had repurchased 11.1 million shares for US$997.2 million under its existing US$1.0 billion authorization as of November 10. On November 9, the board approved an additional US$1.0 billion authorization without an expiration date. The timing, amount and method of future purchases will depend on market conditions and other considerations.

Chief Executive Officer Forrest Li said momentum from the first half continued into the third quarter and that management would focus on executing its priorities with discipline. He described Shopee's quarter as another record period for revenue and profitability, while highlighting growth and risk management at Monee and improving profitability at Garena.

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