Equity Profile

SE

Sea Limited

Consumer DiscretionaryBroadline Retail$52.7B

May12Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:30 AM EDT

SEA LTD Misses on EPS, Stock Up 0.00%

Metric	Actual	Expected	Surprise
EPS	$0.67	$0.82	-4.96%
Revenue	—	$6.4B	—

management commentary, guidance changes, and full analysis available with Pro.

SEA LTD Misses on EPS, Stock Up 0.00%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.67	$0.82	-4.96%
Revenue	—	$6.4B	—

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on numerical results.

What It Means

SEA LTD reported earnings that missed expectations on EPS, which may raise concerns among investors. However, the stock did not react, remaining unchanged. The lack of revenue data and management commentary leaves uncertainty about the company's performance and future direction.

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.82

Revenue

Revenue growth reflects the company's ability to attract customers and expand its market share, which is crucial for its overall health.

$6.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Sea Limited is a consumer discretionary company focused on broadline retail. With a market cap of $52 billion, it plays a significant role in the retail sector, particularly in Southeast Asia, where consumer spending is on the rise. The company is known for its e-commerce platform and gaming services, which are increasingly important as digital shopping trends continue to grow.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-12.15%

Avg Stock Reaction

+5.64%

Last Quarter Recap

In Q4 2025, Sea Limited reported an EPS of $0.63, matching expectations but showing a slight decline in stock price the following day. The company has struggled with revenue surprises in recent quarters, which may impact investor sentiment going forward.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Sea Limited to report an EPS of $0.82 and revenue of $6.4 billion this quarter, reflecting cautious optimism. However, given recent earnings misses, there is a mixed sentiment about whether the company can meet these expectations.

Bull Case

If Sea Limited can exceed the EPS and revenue estimates, it may signal a turnaround in performance and boost investor confidence, potentially leading to a significant stock rally.

Bear Case

Conversely, if the company misses its targets again, it could raise concerns about its growth strategy and market position, leading to further declines in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.82

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$6.4B

Revenue growth reflects the company's ability to attract customers and expand its market share, which is crucial for its overall health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Can Sea Limited achieve an EPS of $0.82 or higher?

Meeting or exceeding this EPS target is crucial for restoring investor confidence after previous misses.

Will revenue reach or surpass $6.4 billion?

Revenue performance is critical to understanding the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Sea Limited's potential for a rebound, given its recent investments in technology and customer engagement.

Supporting Evidence

Despite recent misses, the company's strategic focus on e-commerce and gaming could drive future growth.

Options pricing indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

Recent consumer spending trends in Southeast Asia may not be fully reflected in current estimates.

Key Risk

If revenue growth shows signs of acceleration beyond expectations, it could shift the narrative significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a trend of mixed results, and both EPS and revenue figures will be closely scrutinized.

Bull Confirmed If

An EPS of $0.82 or better, along with revenue exceeding $6.4 billion, would confirm a positive outlook.

Bear Confirmed If

An EPS below $0.68 or revenue falling short of $6.2 billion would confirm a bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±13.5%

Historical Avg

±11.8%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that traders expect volatility based on the upcoming results.

Options are pricing ±13.5% while SE has averaged ±11.8% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

1.6%

30d HV

40.3%

Calls (341K)P/C Ratio: 1.40Puts (230K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sea Limited beats expectations, history suggests the stock could rise by about 13.64%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response, reflecting ongoing caution among investors.

Miss

Should the company miss its targets, history suggests a potential decline of around 1.25%, further pressuring investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-NJJosh GottheimerRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on e-commerce growth strategies and customer acquisition.
2Insights into gaming revenue and its impact on overall performance.
3Management's outlook on consumer spending trends in Southeast Asia.
4Details on cost management and operational efficiency improvements.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

$0.82

Revenue

Revenue growth reflects the company's ability to attract customers and expand its market share, which is crucial for its overall health.

$6.4B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-12.15%

Avg Stock Reaction

+5.64%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Sea Limited can exceed the EPS and revenue estimates, it may signal a turnaround in performance and boost investor confidence, potentially leading to a significant stock rally.

Bear Case

Conversely, if the company misses its targets again, it could raise concerns about its growth strategy and market position, leading to further declines in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.82

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$6.4B

Revenue growth reflects the company's ability to attract customers and expand its market share, which is crucial for its overall health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Can Sea Limited achieve an EPS of $0.82 or higher?

Meeting or exceeding this EPS target is crucial for restoring investor confidence after previous misses.

Will revenue reach or surpass $6.4 billion?

Revenue performance is critical to understanding the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Sea Limited's potential for a rebound, given its recent investments in technology and customer engagement.

Supporting Evidence

Despite recent misses, the company's strategic focus on e-commerce and gaming could drive future growth.

Options pricing indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

Recent consumer spending trends in Southeast Asia may not be fully reflected in current estimates.

Key Risk

If revenue growth shows signs of acceleration beyond expectations, it could shift the narrative significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a trend of mixed results, and both EPS and revenue figures will be closely scrutinized.

Bull Confirmed If

An EPS of $0.82 or better, along with revenue exceeding $6.4 billion, would confirm a positive outlook.

Bear Confirmed If

An EPS below $0.68 or revenue falling short of $6.2 billion would confirm a bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±13.5%

Historical Avg

±11.8%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that traders expect volatility based on the upcoming results.

Options are pricing ±13.5% while SE has averaged ±11.8% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

1.6%

30d HV

40.3%

Calls (341K)P/C Ratio: 1.40Puts (230K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sea Limited beats expectations, history suggests the stock could rise by about 13.64%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response, reflecting ongoing caution among investors.

Miss

Should the company miss its targets, history suggests a potential decline of around 1.25%, further pressuring investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-NJJosh GottheimerRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on e-commerce growth strategies and customer acquisition.
2Insights into gaming revenue and its impact on overall performance.
3Management's outlook on consumer spending trends in Southeast Asia.
4Details on cost management and operational efficiency improvements.