Shopee now keeps about $11.60 in fees and ads per $100 of GMV, up from about $9.50 a year ago
Sea Limited, the parent of Shopee, reported Q3 results on Tuesday: revenue up 43% to $8.6 billion, though adjusted EPS missed.
Shopee now keeps about $11.60 in fees and ads on every $100 of merchandise sold, up from about $9.50 a year ago. That is pricing power showing up in the numbers. The EPS miss looks like the cost of reinvesting it.
https://www.businesswire.com/news/home/20261109862081/en/Sea-Limited-Reports-Third-Quarter-2026-Results
Sources: Investing.com: adjusted EPS $0.78 vs $0.99 consensus; revenue $8.6B vs $8.1B estimate · @wallstengine: SEA LIMITED $SE Q3 highlights, revenue $8.58B vs $8.05B est, adj. EBITDA $931.3M · @Brian_Stoffel_: Shopee sales and marketing up 60%, GMV up 23%, not great leverage
Not financial advice. For informational and educational purposes only.