Singapore's Sea Q1 revenue beats estimates on Monee strength

Sea

12/05/2026 11:40

Overview

Singapore tech conglomerate's Q1 revenue rose yr/yr, beating analyst expectations

Q1 net income increased yr/yr

Company repurchased $168 mln in shares during Q1

Outlook

Sea maintains 2026 guidance for Shopee annual GMV growth of around 25% year-on-year

Company expects Shopee full-year adjusted EBITDA no lower than 2025 in absolute dollar terms

Result Drivers

SHOPEE GROWTH - Shopee revenue rose yr/yr, driven by higher GMV and increased transaction-based fees and advertising revenue

MONEE CREDIT EXPANSION - Monee revenue rose yr/yr, mainly due to growth in consumer and SME credit business and higher loan volumes

GARENA USER GROWTH - Garena revenue rose yr/yr, supported by increased active and paying users, especially for Free Fire and Arena of Valor

Company press release: ID:nBw83KTBGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$7.10 bln
$6.41 bln (7 Analysts)
Q1 Net Income
$438.20 mln
Q1 Gross Profit
$3.10 bln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)