Sea releases transcript of Q2 2026 earnings call

SE•2026-08-11

Sea’s Q2 2026 earnings call drew Chairman and CEO Forrest Li, President Chris Feng, CFO Tony Hou, and IR’s KC.
Revenue hit USD 7.8 billion, up 48% year-on-year; adjusted EBITDA totaled USD 917 million, up 11%.
Shopee GMV rose 28% to USD 38.3 billion; gross orders climbed 27% to 4,200,000,000; adjusted EBITDA reached USD 255 million.
Management flagged Shopee ad revenue up over 70%; ShopeeVIP membership topped 15 million; full-year adjusted EBITDA target set at USD 1 billion.
Monee loan book reached USD 11.1 billion, up 62%; 90-day NPL ratio held at 1%; Garena bookings increased 15% to USD 764 million.

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