Sea Ltd. (SE), a consumer internet company, on Tuesday announced that net income increased in the second quarter compared with the previous year.
For the second quarter, net income increased 418.3 percent to $414.20 million from $79.91 million in the prior year.
Earnings per share were $0.65 versus $0.14 last year.
Seven analysts, on average, had expected the company to report $0.88 per share. Analysts' estimates typically exclude special items.
Adjusted EBITDA jumped 84.9 percent to $829.24 million from $448.47 million in the previous year.
Operating income surged 488.4 percent to $487.72 million from $82.89 million in the prior year.
Revenue increased 38.2 percent to $5.26 billion from $3.81 billion in the previous year.
The company said, "Given all of this, we are raising our full-year guidance for Garena, and expect bookings to grow more than 30% in 2025, year-on-year."
In the pre-market trading, Sea is 8.26% higher at $158.35 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.