Sea Ltd - ADR
SE - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$46.17B
Close$
Earnings Call Q3 2026
November 10, 2026 - AI Summary
Strong top-line + profitability momentum (consolidated):
- Revenue: $8.6B (+43% YoY), a new record high.
- Adjusted EBITDA: $931M (+29% YoY).
- Net income (GAAP): $502M (+34% YoY).
- Management emphasized “discipline” and operational efficiency, with profit momentum visible across the first three quarters.
Shopee standout quarter; monetization improving, unit economics trending better (good + key opportunity):
- GMV: $39.7B (+23% YoY); Gross Orders: 4.5B (+26% YoY).
- Adjusted EBITDA: $269M (+46% YoY) — described as the most profitable quarter ever.
- New user growth acceleration: new average monthly active buyers >50% growth; total AMAB +20% YoY.
- Ads monetization: paying sellers >35%, average ad spend per seller ~+13% YoY; ad revenue +55% YoY; ad take rate +80 bps YoY.
- Operational drivers: expanded delivery options (including 1-hour instant delivery), growth of fulfillment (fulfilled order volume ~25% QoQ acceleration), and engagement from live streaming/short video (+45% YoY; >25% of physical goods orders in SEA).
- Surprising/positive: unit economics and profitability improvement coming while still investing in logistics, VIP, and content ecosystem.
Forward outlook / guidance (forecast): profitability and EBITDA targets reiterated:
- Management stated they are on track for full-year 2026: ~25% GMV growth and adjusted EBITDA of ~$1B (consolidated target referenced in remarks).
- Ongoing expectation that monetization gains “flow through” over time, especially more from ads than commission (implying operating leverage should improve as ad ROI scales).
Exclusive for Stockcircle Pro members
Sign up
$56.92
24.5% downside
Current Fair Value
24.5% downsideOvervalued by 24.5% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $46.17 Billion |
|---|---|
| Enterprise Value | $49.81 Billion |
| Earnings per Share | $2.65 |
| Beta | 1.56 |
| Outstanding Shares | 612,484,522 |
Return
| Return on Equity | 13.29% |
|---|---|
| Return on Assets | 5.33% |
| Return on Invested Capital | 14.47% |
Valuation & Multiples
| P/E Ratio | 25.99 |
|---|---|
| PEG | 74.13 |
| Price to Sales | 1.54 |
| Price to Book Ratio | 3.59 |
| Enterprise Value to Revenue | 1.64 |
| Enterprise Value to EBIT | 21.02 |
| Enterprise Value to Net Income | 28 |
| Total Debt to Enterprise | 0.18 |
| Debt to Equity | 0.66 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 10, 2026
EPS
$0.94
Est. $0.99Revenue
$8.58 B
Est. $8.08 BNext Earnings Call
Expected Date
March 2, 2027
EPS Estimate
$1.02
Consensus analyst estimateRevenue Estimate
$9.33 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.03, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0288▼ 75.36% |
|---|---|
| Total Calls | 173,600▼ 98.26% |
| Total Puts | 5,000▼ 99.94% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.64%▼ 56.42% |
|---|---|
| Total Invested | $3.48B▼ 90.38% |
| Investors Holding | 347▼ 495.00% |
About Sea Ltd
102,700 employees
CEO: Xiaodong Li
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainme...