Sea Limited posts strong revenue growth despite 50% stock drop, eyeing $1B EBITDA by 2026

Sea Limited, owner of Shopee, Monee, and Garena, shows robust revenue growth across its platforms despite a 50% decline in its share price this year. Shopee's rapid sales and advertising revenue growth support the company's $1 billion adjusted EBITDA target for 2026, provided margins hold steady. Monee is expanding its loan portfolio quickly but faces margin pressure from rising provisions and marketing costs, with Q3 results expected to reveal credit quality and profitability balance. Garena struggles with tough year-over-year comparisons but improves user monetization, making Sea Limited's valuation reasonable given its growth prospects, leading to a cautious Buy rating.

Sea Limited holds a market cap of $46.38 billion and an enterprise value of $41.41 billion as of Nov 10, 2026, 02:51 WIB. The stock price on Pluang is USD 77.37, showing a 1-day gain of 2.17%, with strong buying interest at 87% of order activity. Typical investors hold SE shares for about 104 days, indicating moderate-term engagement with the stock amid its evolving profitability and growth outlook.