Sea Schedules Fiscal Third-Quarter Results Before U.S. Open Nov. 10

Sea Limited is scheduled to release fiscal third-quarter 2026 results before U.S. markets open Nov. 10, following a second quarter in which Shopee’s adjusted EBITDA rose and Monee’s credit-loss provisions increased.

Shopee, Sea’s e-commerce business, posted $255.4 million in adjusted EBITDA for the second quarter, up 12.2% year over year. Gross merchandise value totaled $38.3 billion, while sales and marketing expenses increased 56.6%.

Sea management expressed optimism that Shopee would reach a $1 billion adjusted EBITDA milestone for the full year. The second-quarter figures put earnings growth and rising sales and marketing expenses in view ahead of the next results release.

Monee, Sea’s digital financial services business, recorded second-quarter revenue of $1.4 billion, up 58.9% year over year. Provisions for credit losses rose 71.5% to $555.2 million.

At June 30, principal outstanding on consumer and small- and medium-sized enterprise loans was $11.1 billion. Nonperforming loans more than 90 days past due equaled 1% of that consumer and SME loan principal outstanding, the same share as in the previous quarter.

The Nov. 10 release will provide Sea’s fiscal third-quarter results. Consensus estimates call for non-GAAP earnings of $0.97 per share and revenue of $8.08 billion.