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Sea Limited stock: Q3 revenue jumps as buyback expands

Published on 11/13/2026 at 17:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sea Limited stock stays in focus after third-quarter revenue rose 43.4% to US$8.6 billion. The board added a US$1 billion buyback as credit-loss provisions climbed.

What the quarter changed

  • Sea reported stronger growth across Shopee, Monee and Garena for the quarter ended September 30, 2026.
  • Credit-loss provisions rose faster than revenue as Monee expanded its lending business.
  • The additional buyback authorization increases the potential for capital returns, while repurchase timing remains subject to market conditions.
SE, US81141R1005, Illustration mit AI erstellt.
SE, US81141R1005, Illustration mit AI erstellt.

Sea Limited reported strong third-quarter growth across its three core businesses on November 10, 2026, while also expanding its share repurchase authorization. The results were published in a release carried by Morningstar.

Growth remains broad based

GAAP revenue reached US$8.6 billion for the quarter ended September 30, up 43.4 percent from 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. Adjusted EBITDA advanced 28.9 percent to US$931.3 million.

Shopee revenue grew 41.3 percent to US$6.1 billion, with gross merchandise volume up 23.3 percent to US$39.7 billion. The e-commerce business generated adjusted EBITDA of US$269.2 million, an increase of 44.7 percent.

Monee revenue climbed 63.9 percent to US$1.6 billion, supported by higher credit activity. Consumer and small-business loans principal outstanding rose 60.0 percent to US$12.6 billion, while Monee adjusted EBITDA increased 15.5 percent to US$298.3 million.

Credit growth raises risk costs

Sea's provision for credit losses increased 82.3 percent to US$681.5 million. Non-performing loans past due by more than 90 days represented 1.3 percent of consumer and small-business loans principal outstanding, compared with 1.1 percent a year earlier.

Garena revenue rose 28.6 percent to US$840.1 million, and bookings increased 5.9 percent to US$890.0 million. Adjusted EBITDA for the gaming business advanced 45.9 percent to US$458.2 million.

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 program as of November 10. The board approved an additional US$1.0 billion authorization on November 9 without an expiration date. The timing, amount and method of future repurchases will depend on market conditions and other considerations.

Sea Limited stock traded at 67.80 euros on Lang & Schwarz at 16:59 CET on Friday, November 13.

Sea Limited at a glance

  • Company: Sea Limited
  • ISIN: US81141R1005
  • Trading venue: Lang & Schwarz
  • Quoted price: 67.80 euros at 16:59 CET on November 13, 2026
  • Home exchange: New York Stock Exchange

Investors are also watching the wider US technology market through current market reports.

More results and business developments are available in more news and analyses on Sea Limited stock.

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