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

Published on 11/10/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sea Limited stock enters a new phase after broad growth across its three core businesses. The board also expanded its share repurchase authorization.

Sea's Third-Quarter Growth Broadens

Sea reported strong expansion across Shopee, Monee and Garena for the quarter ended September 30, 2026.
Shopee delivered record top- and bottom-line performance, while Monee expanded its credit business and Garena improved profitability.
The board approved an additional 1.0 billion US dollars for share repurchases without an expiration date.

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Sea Limited reported broad third-quarter growth on Tuesday, November 10, after the Singapore-based technology company released results for the period ended September 30, 2026. Business Wire said GAAP revenue reached 8.582 billion US dollars, while net income rose to 502.5 million US dollars. Adjusted EBITDA increased to 931.3 million US dollars.

Growth Across Three Core Businesses

Shopee remained Sea's largest business by revenue. The e-commerce platform generated 6.1 billion US dollars in quarterly revenue, up 41.3 percent from the prior-year quarter. Gross merchandise volume increased 23.3 percent to 39.7 billion US dollars, and gross orders rose 25.5 percent to 4.5 billion.

Management said Shopee reached new records in both revenue and profit, supported by a growing buyer base, stronger monetization and improving unit economics. Shopee's adjusted EBITDA rose 44.7 percent to 269.2 million US dollars.

Monee revenue increased 63.9 percent to 1.6 billion US dollars, while adjusted EBITDA rose 15.5 percent to 298.3 million US dollars. Consumer and small-business loans principal outstanding reached 12.6 billion US dollars at September 30, up 60.0 percent year on year. The 90-day non-performing loan ratio stood at 1.3 percent, compared with 1.1 percent a year earlier.

Garena revenue advanced 28.6 percent to 840.1 million US dollars, and bookings rose 5.9 percent to 890.0 million US dollars. Adjusted EBITDA climbed 45.9 percent to 458.2 million US dollars, while quarterly active users remained broadly stable at 671.7 million.

Buyback Adds Capital Support

Sea had repurchased 11.1 million shares for 997.2 million US dollars under its existing authorization by November 10. The board approved an additional 1.0 billion US dollars on November 9 without an expiration date. The company said future purchases will depend on market conditions and other considerations.

The results show that Sea is still growing across its main platforms, but the sharper rise in credit-loss provisions and higher investment needs keep profitability and risk management central to the investment case. The next investor focus will be management's assessment of growth, credit quality and capital allocation during the earnings call.