Sea Limited reported mixed results for the third quarter ended September 30, 2026. Revenue rose 43.4% year over year to $8.6 billion, surpassing analyst expectations. Diluted earnings per share were $0.78, below consensus estimates. The earnings miss contributed to a decline in pre-market trading. Net income increased 34% to $502.5 million.
Shopee revenue climbed 41.3% to $6.1 billion. The e-commerce business also recorded a record-breaking quarter for profitability. Monee revenue surged 63.9% to $1.6 billion. Garena revenue increased 28.6% to $840.1 million. Increased AI spending was among the factors that weighed on profitability.
Sea’s board authorized a new $1 billion share repurchase program. The move follows the near completion of its previous $1 billion buyback.