8/1022 sources · 8 publishersUpdated Nov 11, 14:15 UTC
Sea Limited reports Q3 revenue beat, profit miss and approves $1B buyback
Sea Limited reported third-quarter 2026 revenue of $8.582B, up 43.4% year over year, while net earnings reached $502.46M, up 34% year over year. GAAP EPS was $0.78, below expectations, and adjusted EBITDA was $931.3M. The board approved an additional $1B share repurchase authorization on November 10 after $997.2M of repurchases under the prior authorization.
Why it matters
The earnings shortfall puts focus on Sea Limited's ability to convert strong revenue growth into profit. The new authorization increases the company's planned capital return after substantial purchases under the previous program.
Key facts
- 1Third-quarter revenue was $8.582B, an increase of 43.4% year over year. rttnews.com
- 2Net earnings were $502.46M, up 34% year over year. rttnews.com
- 3GAAP EPS was $0.78. seekingalpha.com
- 4Adjusted EBITDA was $931.3M, below the $990 million analyst estimate cited in the material. startupfortune.com
- 5The board approved an additional $1B share buyback after $997.2M in repurchases under the prior authorization. tradingview.com
Open questions
- Materials give inconsistent year-over-year total revenue growth rates, including 43.4%, 43.2% and 39%.
- The reported share-price reaction varies across materials because the reports refer to different times or market measures.
- Materials use different earnings-estimate comparisons for the $0.78 EPS result.
Summary written by AlphAI AI Desk from 20 of 22 sources. Not investment advice. Figures are as stated by the linked sources.