Sea earnings show rapid sales growth as lending losses and marketing costs climb
Earnings results
- EPS
Actual: $0.78 diluted profit per share · Matching consensus not verified.
- Revenue
Actual: $8.582 billion · Matching consensus not verified.
- Guidance
No new numerical earnings outlook in the release.
What the company reported
Sea reported strong Shopee and Monee revenue growth and added $1 billion to its share repurchase authorization, while credit-loss provisions and marketing expenses grew faster than sales.
Q3 2026 earnings recap
Sea’s earnings show strong shopping and lending growth, but faster increases in marketing and credit-loss costs put the quality of that growth in focus.
- Third-quarter revenue rose 43% to $8.58 billion, while net income grew 34% to $502 million.
- Shopee’s revenue rose 41%, with transaction fees and advertising helping sales grow faster than the value of goods sold.
- Monee’s loan book grew 60%, while the group’s credit-loss provision rose 82% and loans overdue more than 90 days edged higher.
- Sea added $1 billion to its buyback authorization after nearly using the previous program, although authorization does not guarantee purchases.
- The November 9 closing price valued the shares at roughly 28 times trailing reported profit per share.
- Shares traded about 9% below the previous close before open on November 10, moving beneath the recent $72–74 trading range.
The results call is the next chance to assess whether shopping growth and lending income can outpace marketing costs and credit losses.
Financials, technicals and earnings
Charts through Nov 9, 2026.
Technical setup and risks
The November 9 close was below the 20-day and 50-day averages; the premarket decline moved below recent support, while lending losses and spending discipline remain key business risks.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.