Sea Limited (NYSE:SE) is one of billionaire Steve Cohen’s large-cap stock picks with the highest upside potential. On May 12, Sea Limited (NYSE:SE) delivered solid first-quarter 2026 results characterized by robust revenue and gross profit growth.
Revenue in the quarter was up 46.6% to $7.1 billion, as Shopee delivered another record-setting quarter, with gross orders increasing 29.3% to 4 billion. Gross profit increased 40.7% to $3.1 billion, while net income rose 6.7% year over year to $438.2 million. Adjusted EBITDA increased 9.3% to $1 billion.
During the quarter, the company’s e-commerce platform, Shopee, achieved new highs in gross merchandise volume, gross order volume, and revenue while maintaining financial discipline. Revenue in the segment was up 45.1% to $5.1 billion.
Similarly, Sea Ltd.’s digital payments and financial services provider, Monee, continues to grow healthily while maintaining stable asset quality. The unit is expanding into additional user segments and early markets, such as Brazil, which is driving a 57.8% increase in revenue to $1.2 billion.
Sea Limited (NYSE:SE) is a Singapore-based technology company focused on consumer internet services, primarily operating in Southeast Asia, Latin America, and other markets.
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