Sea Limited (SE) Stock Pops 6% After Blowing Past Q2 Revenue Estimates
TLDR
- Sea Limited stock surged 6.1% in pre-market trading after Q2 2026 revenue hit $7.8 billion, beating the $7.09-$7.34 billion consensus forecast.
- CEO Forrest Li confirmed strong momentum continued from Q1, with Shopee posting record GMV, gross order volume, and revenue.
- Management reaffirmed full-year 2026 guidance of ~25% Shopee GMV growth and EBITDA no lower than 2025 levels.
- Sea confirmed 4.7 million shares bought back under its $1 billion repurchase program.
- COO Gang Ye has been selling 20,000 SE shares repeatedly since July 13, totaling over $22 million in sales.
Sea Limited (NYSE: SE) stock jumped 6.1% in pre-market trading on August 11, hitting $121.76, after the company posted Q2 2026 revenue of $7.8 billion. That came in well above the analyst consensus range of $7.09 to $7.34 billion.
The broader market barely moved on the day, with the S&P 500 up just 0.1% and the Nasdaq gaining 0.3%. This move is all about earnings.
CEO Forrest Li said โour strong momentum from the first quarter has continued into the second,โ pointing to record highs across Shopeeโs GMV, gross order volume, and revenue.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
