Sea Ltd ADR

SE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Sea Earnings: Strong Start, but Long-Term Outlook Unchanged

Chelsey Tam

May 13, 2026

Sea maintained its 2026 guidance of around 25% gross merchandise volume growth, positive bookings growth, and flat adjusted EBITDA, despite first-quarter growth of 30% in GMV, 20% in bookings, and 9% in adjusted EBITDA. Shares rose 13%.

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Sea Ltd ADR

Sea Earnings: Strong Start, but Long-Term Outlook Unchanged

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