On November 10, Sea Ltd rose 9% in Regular Trading. The move followed mixed third-quarter results, with investors focusing on stronger-than-expected revenue growth, solid operating metrics, and a newly approved $1 billion share repurchase authorization that helped offset concern over an EPS miss and rising AI-related spending.
Quarterly revenue reached $8.582 billion, up 43.2% year over year and above expectations near $8.045 billion, while EPS was $0.78, below some estimates of $0.81. GMV rose 23.3% to $39.7 billion, total orders increased 25.5% to 4.5 billion, adjusted EBITDA exceeded $931 million, and the board approved an additional $1 billion buyback with no expiration. Management also maintained Shopee's full-year outlook for GMV growth of around 25% and adjusted EBITDA of $1 billion.
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