Shopee Owner Sea's Quarterly Profit Rises on Strong E-Commerce Demand

By Kimberley Kao

Sea Ltd., one of Southeast Asia's largest companies by market capitalization, posted stronger second-quarter profit and raised its earnings forecast for its e-commerce business.

The consumer-internet titan behind e-commerce platform Shopee said Tuesday that net income increased 11% to $458.1 million for the April-June period. That beat a Visible Alpha consensus estimate for $433.83 million.

Revenue also topped market views, jumping 48% from a year earlier to $7.79 billion.

The strong performance of Shopee, Southeast Asia's largest e-commerce platform, buoyed the top line. Shopee accounts for more than two-thirds of Sea's revenue, with gaming and financial services making up the rest.

Shopee's gross merchandise value, a measure of sales, rose 28% during the quarter, while gross order volume increased 28%, the company said, both hitting record highs.

The platform's adjusted earnings before interest, taxes, depreciation and amortization climbed 12% to $255.4 million.

The strong results prompted Sea to raise its full-year projection for Shopee's adjusted Ebitda to $1 billion, compared with its earlier expectation for adjusted earnings to be roughly stable from 2025 in absolute dollar terms.

"Our improving operational efficiency and growing scale have strengthened our unit economics," said Forrest Li, Sea's chairman and chief executive.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

August 11, 2026 06:54 ET (10:54 GMT)