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Singapore’s Sea Tops Quarterly Revenue Estimates as Shopee Fuels E-Commerce Growth
Sea’s quarterly revenue rose 48.9% at its e-commerce unit and 58.9% in digital financial products, topping analyst estimates.
- On Tuesday, Singapore-based Sea Ltd reported quarterly revenue of $7.10 billion, beating analyst estimates as shares surged nearly 14% in premarket trading. Growth across e-commerce, fintech, and gaming drove the outperformance.
- Strong performance across Sea's trifecta of digital segments fueled the rebound, with consolidated revenue climbing 47% year over year. Adjusted EBITDA exceeded $1 billion for the first time, a significant profitability milestone.
- Shopee, the company's e-commerce arm, generated $5.11 billion in revenue, up 45.1% from a year earlier. Record gross merchandise volume reached $37.30 billion, while AI-driven automation handled around 80% of customer queries.
- Sea's digital financial products arm, Monee, reported a 58.9% rise in revenue to $1.40 billion, while Garena gaming posted $697 million. Garena's performance marked its "best quarter since 2021."
- CEO Forrest Li told investors the company remains "optimistic" regarding Shopee's profitability trajectory. Management reiterated full-year Shopee gross merchandise value growth targets of around 25% while maintaining adjusted EBITDA discipline.
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Sea had a profit of US$ 458.1 million in the second quarter, high of 10.6% in the annual comparison. Shopee's owner recorded revenues of US$ 7.78 billion between April and June, growth of 48.1% over the same period of 2025. Our strong operational moment of the first three months of the year extended to the second quarter, says Forrest Li, CEO of Sea, in note. .Our investments in Shopee and Monee continued to strengthen their market position. .In…
·Rio de Janeiro, Brazil
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Total News Sources13
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
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