Sea’s second-quarter 2026 revenue rose 48.1% to $7.8 billion, and Garena’s bookings were $763.5 million

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Aug 11, 2026, Sea Limited reported results for the second quarter ended June 30, 2026, in a Form 6-K, the filing a company based outside the US uses to pass the SEC the news it has published elsewhere. Sea runs three businesses: Shopee, Monee and Garena, which it describes as e-commerce, digital financial services and digital entertainment. Its revenue under US accounting rules (GAAP) was $7.8 billion, up 48.1% from $5.3 billion in the same quarter a year earlier. Net income was $458.1 million, up 10.6% from $414.2 million a year earlier. In the release’s statement for the first six months, net income of $896.3 million was split into $868.7 million attributable to Sea’s ordinary shareholders and $27.6 million to non-controlling interests, the outside holders of its subsidiaries.1^,2^,3^,4^,5^,6^,7^,8

Garena, Sea’s games business, reported bookings of $763.5 million in the quarter, up 15.5% from a year earlier. Sea defined bookings as Garena’s GAAP revenue plus the change in its deferred revenue, and used the figure as an approximation of what Garena’s users spent in the period. Garena’s GAAP revenue was $746.6 million, up 33.5%, and the change in its deferred revenue was $16.9 million, against $102.2 million a year earlier. Garena’s adjusted EBITDA, a measure Sea defined itself and outside GAAP, was $429.8 million, up 16.7%, or 56.3% of bookings against 55.7% a year earlier. Sea defined it as operating income plus depreciation and amortization plus the net effect of changes in deferred revenue and its related cost, and said it would drop that last item from the measure beginning with its third-quarter 2026 release while still disclosing it. Garena had 666.3 million quarterly active users, against 664.8 million a year earlier, and 68.1 million quarterly paying users, up 10.2%.9^,10^,11^,12^,13^,14^,15^,16^,17^,18^,19

Forrest Li, Sea’s chairman and chief executive, said Free Fire anchored Garena’s strong quarter and kept drawing over 100 million average daily active users. He added that Garena was working to diversify with two recently announced mobile games, Palworld Online and Monster Hunter Outlanders, which he described as built on strong, globally recognized IP. Elsewhere in the group, Shopee’s GAAP revenue was $5.6 billion, up 48.2%, and Monee’s was $1.4 billion, up 58.9%.20^,21^,22^,23^,24

These are Sea’s own figures; the release labels its summary of financial results unaudited.25