Sea Limited reports strong Q2 with 48% revenue growth and Shopee GMV up 28%.

Sea Limited posted strong Q2 results with total revenue rising 48% year-over-year to $7.80 billion, driven by its Shopee e-commerce platform which saw GMV increase 28% to $38.30 billion. Adjusted EBITDA grew 11% to over $917 million, reflecting improved profitability alongside growth. Morgan Stanley maintains an Overweight rating and raised the price target to $153, citing balanced investment and profitability efforts. The company’s gaming and financial services segments also contributed to diversified revenue streams, supporting a positive outlook for 2026.