SEA (NYSE:SE) Issues Earnings Results, Misses Expectations By $0.08 EPS

SEA (NYSE:SE) posted its earnings results on Tuesday. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08), FiscalAI reports. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.79%. SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS.

Here are the key takeaways from SEA’s conference call:

• Sea delivered a very strong Q1 2026, with revenue up 47% year over year to $7.1 billion and adjusted EBITDA topping $1 billion for the first time. Management said it is leaning into growth investments while still maintaining financial discipline.
• Shopee posted record results, with GMV rising 30%, gross orders up 29%, and adjusted EBITDA of $223 million. Monetization improved meaningfully, helped by an 80% jump in ad revenue, faster buyer growth, and stronger engagement from Shopee VIP and content-led shopping.
• Sea is seeing encouraging momentum in logistics and fulfillment, including faster delivery times, lower delivery costs for instant services, and broader adoption of same-day and next-day options. Brazil and Taiwan were highlighted as key areas of expansion, with Brazil remaining profitable while the company continues to build out fulfillment infrastructure.
• SeaMoney continues to scale rapidly, with loan principal outstanding reaching $9.9 billion, up more than 70% year over year, while 90-day NPLs stayed stable at 1.1%. Growth is being driven by deeper penetration with existing users, expansion into off-Shopee use cases, and strong traction in Brazil.
• Garena had its best quarter since 2021, as bookings rose 20% and adjusted EBITDA increased 25% year over year. Free Fire and Arena of Valor both benefited from successful content collaborations and seasonal events, and management said it expects continued strong full-year bookings growth.

SEA Stock Performance

Shares of SEA stock traded down $3.60 during midday trading on Thursday, hitting $89.92. The company had a trading volume of 2,521,865 shares, compared to its average volume of 5,409,894. The company has a fifty day simple moving average of $85.74 and a 200 day simple moving average of $113.76. The stock has a market cap of $54.94 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 0.98 and a beta of 1.57. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. SEA has a 12-month low of $77.05 and a 12-month high of $199.30.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SE. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday. Barclays increased their target price on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. TD Cowen upped their price target on SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Sanford C. Bernstein decreased their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Insider Transactions at SEA

In other SEA news, Director David Y. Ma sold 176,719 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total value of $15,473,515.64. Following the completion of the transaction, the director owned 895,364 shares of the company’s stock, valued at approximately $78,398,071.84. This trade represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 1,579,652 shares of company stock worth $138,921,297. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury grew its stake in SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares during the last quarter. Align Financial LLC purchased a new position in shares of SEA in the fourth quarter worth about $2,897,000. Advisory Services Network LLC lifted its holdings in shares of SEA by 7.1% during the fourth quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock worth $460,000 after purchasing an additional 239 shares during the period. Captrust Financial Advisors lifted its holdings in shares of SEA by 22.6% during the fourth quarter. Captrust Financial Advisors now owns 28,941 shares of the Internet company based in Singapore’s stock worth $3,692,000 after purchasing an additional 5,343 shares during the period. Finally, Oarsman Capital Inc. boosted its position in SEA by 89.0% in the fourth quarter. Oarsman Capital Inc. now owns 2,124 shares of the Internet company based in Singapore’s stock valued at $271,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Key Stories Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Sea delivered 46.6% revenue growth to $7.1 billion, ahead of expectations, signaling continued strength across Shopee, Monee, and Garena. Sea Posts Q1 Beat On Record Shopee Revenue Growth
• Positive Sentiment: The company posted $438.2 million in net income and $1.0 billion in adjusted EBITDA, reinforcing improving operating leverage and margin expansion. Sea Limited Posts Robust Q1 2026 Results as Shopee, Monee and Garena Drive Growth
• Positive Sentiment: Trading activity in call options spiked, suggesting traders remain bullish on further upside after the earnings release. SEA Target of Unusually Large Options Trading (NYSE:SE)
• Neutral Sentiment: Despite the strong revenue beat, EPS of $0.67 missed consensus, which may be limiting enthusiasm and contributing to profit-taking. Sea Limited Q1 2026 Earnings Call Transcript
• Negative Sentiment: Recent insider selling by COO Gang Ye and insiders Jingye Chen and Yanjun Wang may add a mild overhang, even though the sales were relatively small. SEC filing

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.