Sea Ltd (SE)
NYSE:SE
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.84Last Year’s EPS
0.9Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed robust top-line growth and strong operational momentum across all three verticals—Shopee (GMV and monetization), Money (rapid loan-book expansion with stable asset quality), and Garena (record bookings and high engagement). Management emphasized AI-driven efficiency gains and continued invest-to-scale initiatives (fulfillment, VIP, content) that are already improving unit economics. The principal negatives were a sharp YoY decline in Shopee adjusted EBITDA driven by deliberate investments, rising tax and nonoperating headwinds, some margin uncertainty in fintech, and potential cost pressures from higher fuel prices. Overall, the positives (strong revenue/GMV growth, improving monetization, high-adjusted EBITDA, healthy loan metrics and gaming momentum) outweigh the lowlights, though near-term margin impacts from investments are notable.Company Guidance
Strong Overall Revenue Growth
Total GAAP revenue of $7.1B in Q1 2026, up 47% year-on-year, driven primarily by Shopee and Money.
Record Adjusted EBITDA
Consolidated adjusted EBITDA exceeded $1.0B for the first time, up 9% year-on-year.
Shopee GMV and Order Growth
Shopee GMV reached $37.3B, up 30% year-on-year; gross orders rose 29% year-on-year to 4.0B.
Improved Shopee Monetization
Shopee ad revenue grew 80% year-on-year; ad take rate increased by >90 basis points and average ad spend per paying seller grew ~35% year-on-year.
User Engagement Gains on Shopee
Average monthly active buyers increased 16% year-on-year and buyer purchase frequency ~12% year-on-year; VIP members drove significant uplift with members contributing ~20% of GMV.
Logistics and Fulfillment Progress
Instant delivery adoption exceeded ~35% of order volumes with cost per order for that service down ~20% year-on-year; fulfillment orders grew ~25% sequentially; Taiwan collection points up ~50% year-on-year to >3,100.
Money (Fintech) Rapid Expansion
Money GAAP revenue $1.2B (+58% YoY) and adjusted EBITDA $275M (+14% YoY); consumer & SME loans outstanding $9.9B (+71% YoY); active credit users 38M (+35% YoY); avg loan outstanding/user ~$250 (+25% YoY); Brazil loan book >$1B (+250% YoY); 90-day NPL stable at 1.1%.
Garena Strong Performance
Garena bookings $931M (+20% YoY), GAAP revenue $697M (+41% YoY), and adjusted EBITDA $574M (+25% YoY); Arena of Valor delivered record quarterly bookings and Free Fire collaborations produced high engagement (e.g., >$700M official content views for Jujutsu Kaisen tie-in).
AI-Driven Efficiency and Conversion Improvements
AI enhancements drove a ~14% improvement in purchase conversion year-on-year and handled ~80% of customer queries, reducing customer service cost per contact by ~30% year-on-year.
Brazil E-commerce Momentum and Profitability
Brazil was the fastest-growing market and profitable in Q1; GMV from shopping mall sellers more than doubled year-on-year and now represents ~15% of GMV; opened 3 new fulfillment centers (total 5) and improved delivery time by >1 day YoY.
SE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $84.87 | $96.02 | +13.14% |
Mar 04, 2026 | $87.82 | $88.26 | +0.50% |
Nov 11, 2025 | $155.05 | $142.31 | -8.22% |
Aug 12, 2025 | $146.23 | $174.12 | +19.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sea Ltd (SE) report earnings?
Sea Ltd (SE) is schdueled to report earning on Aug 18, 2026, After Close (Confirmed).
What is Sea Ltd (SE) earnings time?
Sea Ltd (SE) earnings time is at Aug 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SE EPS forecast?
SE EPS forecast for the fiscal quarter 2026 (Q2) is 0.84.
