Future

Core

2026

Valor

<h3 id="key-takeaways">Key Takeaways</h3>
<ul>
 <li>Sea Limited (SE) shares climbed 5.4% following Q1 revenue of $7.1B, significantly surpassing the $6.45B Wall Street forecast</li>
 <li>Adjusted earnings per share registered $0.67, falling short of the $0.76 analyst projection</li>
 <li>Shopee achieved record-breaking GMV of $37.3B, representing 30.2% growth compared to last year</li>
 <li>Garena delivered its strongest performance since 2021, with bookings climbing 20.1% to $931.4M</li>
 <li>Monee revenue jumped 57.8% to $1.2B, while the loan portfolio expanded 71.3% year-over-year</li>
</ul>
Sea Limited (SE) unveiled its first-quarter 2026 financial performance on May 12, triggering a 5.4% stock price increase despite missing earnings targets. Investor enthusiasm stemmed from revenue figures that substantially exceeded analyst predictions.
<a href="https://knockoutstocks.com/stock/SE" rel="noopener noreferrer nofollow"> <img src="https://knockoutstocks.com/api/stocks/SE/embed" alt="SE Stock Card"> Sea Limited, SE </a>
The company generated $7.1 billion in quarterly revenue, surpassing the $6.45 billion Wall Street projection. This represents a substantial 46.6% increase from the $4.8 billion recorded during Q1 2025. Adjusted earnings per share reached $0.67, trailing the consensus estimate of $0.76 by $0.09.
Net profit advanced 6.7% to $438.2 million. Adjusted EBITDA for the entire company increased 9.3% year-over-year to $1.0 billion.
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 𝗦𝗲𝗮 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗤𝟭 𝟮𝟬𝟮𝟲 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 <a href="https://twitter.com/search?q=%24SE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SE</a> EPS: $0.70 vs $0.77 est. <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/274c.png" alt="❌"> Revenue: $7.10B vs $6.40B est. <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2705.png" alt="✅">
 – Shopee: Q1 GMV reached US$37.3B (+30.2% YoY), with gross orders up 29.3% to 4.0B.
 – Monee: Revenue grew 57.8% YoY to US$1.2B. Loans outstanding climbed 71.3%… <a href="https://t.co/NFjGhna31M" rel="noopener noreferrer nofollow">pic.twitter.com/NFjGhna31M</a>
 — The Future Investors (@ftr_investors) <a href="https://twitter.com/ftr_investors/status/2054149355645374786?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 12, 2026</a>
 </blockquote>
</div>
Chairman and CEO Forrest Li emphasized the company’s strategy of making strategic investments to strengthen its competitive advantages while maintaining strict financial oversight.
<h3 id="shopee-achieves-unprecedented-gmv-milestone">Shopee Achieves Unprecedented GMV Milestone</h3>
Shopee, the company’s e-commerce division, posted its strongest quarterly performance to date. Gross merchandise value totaled $37.3 billion, marking a 30.2% year-over-year increase. Segment revenue expanded 44.4% to $4.5 billion.
Core marketplace revenue — encompassing transaction fees and advertising income — surged 61.0% to $3.8 billion. This metric serves as a critical indicator of the platform’s long-term monetization capabilities.
Shopee’s adjusted EBITDA decreased to $223.2 million compared to $264.4 million in the prior-year quarter. Management explained this decline as a result of strategic investment initiatives. The company reaffirmed its guidance to achieve approximately 25% year-over-year GMV growth for Shopee throughout 2026.
Total gross orders for the period reached 4.0 billion, up 29.3% from the previous year. Li described it as another milestone quarter across all major metrics including GMV, order volume, and revenue generation.
<h3 id="garena-posts-strongest-results-in-three-years">Garena Posts Strongest Results in Three Years</h3>
Garena, the company’s gaming division, demonstrated impressive momentum. Bookings increased 20.1% to $931.4 million, while revenue surged 40.6% to $696.6 million.
Adjusted EBITDA for the gaming segment grew 25.2% to $573.6 million. The division’s EBITDA margin as a percentage of bookings reached 61.6%, improving from 59.1% in Q1 2025.
Free Fire remained the primary revenue driver for the segment, while Arena of Valor achieved record-breaking contributions. Quarterly active users totaled 666.5 million, remaining essentially unchanged year-over-year, while paying users increased 12.4% to 72.6 million.
Monee, the digital financial services segment, maintained strong momentum. Revenue climbed 57.8% to $1.2 billion, with adjusted EBITDA rising 14% to $275.2 million. The consumer and SME loan portfolio reached $9.9 billion, representing a 71.3% year-over-year expansion.
Non-performing loans remained stable at 1.1% of the total loan portfolio, a critical metric management monitors closely as lending operations scale.
During the first quarter, Sea repurchased 1.8 million shares for $168.4 million under its $1.0 billion share buyback authorization.
The post <a href="https://blockonomi.com/sea-limited-se-stock-climbs-5-as-q1-revenue-crushes-wall-street-forecasts/" rel="noopener noreferrer nofollow">Sea Limited (SE) Stock Climbs 5% as Q1 Revenue Crushes Wall Street Forecasts</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Sea Limited (SE) Stock Climbs 5% as Q1 Revenue Crushes Wall Street Forecasts

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