Sea Limited reported 46.6% revenue growth to $7.1 billion in Q1 2026, driving Barclays to lift its price target.
Barclays increased its price target for Sea Limited (SE) to $122 from $120, maintaining an Overweight rating after the company’s robust first-quarter performance. The firm highlighted solid results across e-commerce, digital financial services, and gaming segments.
Sea Limited’s Q1 2026 revenue surged 46.6% year-over-year to $7.1 billion, while gross profit rose 40.7% to $3.1 billion. Net income reached $438.2 million, and adjusted EBITDA climbed to $1 billion. Shopee’s gross orders and merchandise volume grew 29.3% and 30.2%, respectively, while Garena saw higher bookings and paying users.
The company also repurchased 1.8 million shares for $168.4 million under its $1 billion buyback program, reinforcing shareholder returns.