Overview
- Sea reported first-quarter results Tuesday with revenue of $7.1 billion that beat Wall Street estimates, while adjusted EPS came in at $0.67 and the stock climbed after the release.
- Shopee set records with $37.3 billion in gross merchandise value and 4.0 billion orders as higher fees and ads lifted revenue, and AI upgrades to search and support helped shoppers find products and resolve issues faster.
- Garena posted its strongest quarter since 2021 with bookings of $931.4 million and revenue of $696.6 million, led by ongoing engagement in Free Fire and Arena of Valor.
- Monee revenue rose 57.8% to $1.2 billion and its loan book grew to $9.9 billion, with a 90‑day non‑performing loan ratio around 1.1% and fast expansion in Brazil.
- Sea said it is investing in logistics, same‑day delivery and memberships across markets and repurchased $168.4 million of shares in Q1 under a $1 billion buyback plan.