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Sea Limited Reports 11% Net Income Growth to $458 Million as Shopee Achieves Record GMV and Orders

By Bernard Lee3 min read

Singapore, 12 August 2026 – Tech conglomerate Sea Limited posted an 10.6 percent year-on-year increase in second-quarter net income to $458.1 million, supported by surging e-commerce transactions on Shopee, rapid credit expansion across its financial services arm, and steady gaming bookings.

According to quarterly financial disclosures released on Tuesday, total GAAP revenue for the three months ended 30 June 2026 climbed 48.1 percent year-on-year to $7.8 billion, up from $5.3 billion in the prior-year period. Operating income expanded by 33.3 percent to $650.3 million, while total group adjusted EBITDA rose 10.6 percent to $917.2 million. Gross profit for the quarter rose 47.3 percent year-on-year to reach $3.5 billion.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.