CEO Li is optimistic that Shopee will achieve US$1b adjusted earnings in 2026. Sea Limited’s net income rose 10.6% year on year (YoY) to $586.73m (US$458.1m) in Q2, its latest financial report showed. “We again achieved new highs in [gross merchandise value (GMV)], gross order volume and revenue in the second quarter. Shopee’s GMV rose 28.4% YoY to $49.06b (US$38.3b) in Q2, and revenue expanded 48.2% YoY to $7.17b (US$5.6b). Monee, Sea’s digital finance arm, saw revenue rise 58.9% YoY to $1.79b (US$1.4b) in Q2, whilst adjusted EBITDA rose 12.8% YoY to $368.89m (US$288m).