8/1016 sources · 7 publishersUpdated Nov 10, 23:40 UTC
Sea reports strong Q3 sales, profit miss and a new $1B buyback
Sea Limited reported third-quarter 2026 revenue of $8.582B and net income of $502.46M on November 10. GAAP EPS was $0.78, while adjusted EBITDA was $931.3M, as revenue growth outpaced profitability. The board approved an additional $1B share repurchase authorization after the prior program had nearly been completed.
Why it matters
The quarter paired a strong sales result with weaker-than-expected profit metrics, creating a negative earnings signal for investors despite continued expansion across Sea's businesses. The new authorization increases the capital Sea can return through repurchases.
Key facts
- 1Sea's third-quarter revenue rose 43.4% year over year to $8.582B, while net income increased 34% to $502.46M. rttnews.com
- 2Third-quarter GAAP EPS was $0.78. seekingalpha.com
- 3Adjusted EBITDA increased 29% year over year to $931.3M. investing.com
- 4The board approved an additional $1B share buyback authorization. rttnews.com
- 5Monee's loan book reached $12.6B, and loans more than 90 days overdue rose to 1.3%. startupfortune.com
Open questions
- Materials give conflicting year-over-year revenue growth figures of 43.4%, 43.2%, and 39%; their bases are not reconciled.
- The materials attribute the profit pressure to AI and cloud spending, but Sea does not separately disclose the amount of spending tied to those areas.
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.