Sea Ltd

Sea operates three interconnected businesses: Shopee, a mobile-first e-commerce marketplace offering integrated payments and logistics across Southeast Asia and Latin America; Monee, which provides digital wallets, consumer and SME credit, payment processing, banking, and insurance services; and Garena, a digital entertainment platform for mobile and PC games that also promotes eSports. The company's strategy is to create self-reinforcing growth loops where success in gaming funds e-commerce expansion, which in turn drives financial services adoption [Yahoo Finance].

Sea Limited is a Singapore-headquartered technology company operating three major businesses across Southeast Asia and Latin America: Shopee (e-commerce), Monee (digital financial services), and Garena (gaming and entertainment). The company just delivered a blowout Q1 2026, with revenue jumping 43% year-over-year to $7.3 billion and adjusted EBITDA topping $1 billion for the first time [Yahoo Finance]. Sea is now profitable with a 6.9% net margin and generated $4.5 billion in free cash flow over the trailing twelve months [Yahoo Finance].

Sea has turned a corner from hyper-growth cash burner to profitable growth company with strong cash generation.