Sea Limited's costs for AI are rising as Shopee faces tough competition from other online stores.

Nov 10, 2026, 8:19 AM ETResultsRead the original at Benzinga

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Sea Limited grew sales and its Shopee and Garena businesses, but profit per share and adjusted EBITDA missed estimates as AI spending and competition weighed on profit. The growth and weaker profit results point in different directions.

SE · Sea Limited

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The AI's read

The business is bringing in more sales, and both Shopee and Garena reported growth. But competition and AI spending weighed on profit, and 2 profit measures missed estimates. Sea also generated cash and approved another share buyback, which helps show its financial strength. These gains and setbacks point in different directions.

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