Added to YB: 2026-08-26
Pitch date: 2026-08-23
SE [neutral]
Sea Limited
+5.48%
current return
Author Info
Slow Compounding is an ex buy-side analyst looking for high-quality companies that create high shareholder returns. Investing for the long-term. Sign up for the newsletter.
Company Info
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally.
Market Cap
$72.0B
Pitch Price
$116.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.04
P/E
45.39
EV/Sales
2.42
Sector
Broadline Retail
Category
growth
Sea Ltd. Q2 2026: Shopee’s Growth Flywheel Is Accelerating
SE (earnings): Q2'26 beat: group revenue +48% YoY to $7.8B, adj EBITDA +11% to $917M. Key surprise—Shopee FY26 adj EBITDA guide raised to ≥~$1B (vs prior ≥$881M/flat), while 25% GMV growth target held. Shopee revenue accelerated to +48% (5th straight quarter) vs GMV +28%, core marketplace +66%, ads +70%; EBITDA margin ~0.7% of GMV toward 2-3% target. Monee loans +62% to $11.1B with NPLs down to 1.0%. Garena bookings +15% YoY but down sequentially from strong Q1. Guidance implies 2H GMV decel to ~22% on FX/tougher comps, which mgmt frames as conservative.
Read full article (7 min)