Sea Ltd ADR

SE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sea Limited Earnings: Sea Delivered Strong Second-Quarter Results and Guidance; Shares Still Cheap

Chelsey Tam

Aug 12, 2026

Sea's second-quarter revenue and adjusted EBITDA increased 48% and 11%, respectively. Sea thinks that Shopee's adjusted EBITDA/GMV of 2%-3% is within reach. Monee's loan book rose 62%, versus EBIT growth of 15%, due to high sales and marketing expenses growth and provision.

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Sea Ltd ADR

Sea Limited Earnings: Sea Delivered Strong Second-Quarter Results and Guidance; Shares Still Cheap

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