WORLDEF Prime Antalya 2026 — Super Early Bird Discounts

Register Now

Shopee Beats Expectations in Q2 2026: Revenue Approaches $5 Billion

Shopee

Singapore-based Sea Limited reported revenue above market expectations in the second quarter of 2026, driven by growth in its e-commerce platform Shopee and digital financial services. The company’s revenue for the quarter ended June 30 rose 48.1 percent year-on-year to $7.79 billion. According to LSEG data, analysts’ average estimate was $7.06 billion. Sea’s net profit increased 10.6 percent to $458.1 million.

Shopee’s GMV Reaches $38.3 Billion

Revenue from Sea’s e-commerce unit, Shopee, increased 48.9 percent year-on-year to $4.93 billion. Gross merchandise value (GMV), which represents the total value of sales on the platform, rose 28.4 percent to $38.3 billion. The company continues to expand its operations across Southeast Asia through discount campaigns, gamified shopping features, and an extensive logistics network. Artificial intelligence is also being used in product recommendations, seller tools, and customer service.

E-Commerce Profit Target Raised to $1 Billion

Sea raised its 2026 adjusted EBITDA forecast for Shopee to $1 billion, up from its previously announced target of at least $880.6 million. Analysts’ average estimate stood at $980.7 million. In the second quarter, the unit’s adjusted EBITDA increased 12.2 percent to $255.4 million. The company’s shares rose between 7.6 percent and approximately 10 percent in premarket trading at different points following the announcement.

Advertising Revenue Rises 70 Percent

Sea has increased its focus on advertising as part of efforts to raise the share of revenue it generates from e-commerce sales. Advertising revenue rose by approximately 70 percent year-on-year in the second quarter. CEO Forrest Li said higher fees charged to sellers also contributed to growth, adding that the company still sees opportunities to increase its take rate.

Sea is expanding its operations in Brazil while competing with TikTok, Lazada, and Temu. The company is also facing potential regulatory hurdles in Indonesia and higher costs stemming from developments in the Middle East.

Artificial Intelligence Investments Expand

Sea has rolled out its generative AI-powered digital assistant, “Migoo,” in several markets, including the United States. Forrest Li said the company expects its artificial intelligence investments to support its next phase of growth. In June, hundreds of positions were also eliminated, representing approximately 8 percent of global developer roles within the e-commerce unit.

Revenue from Sea’s digital financial services unit, operating under the “Monee” brand, increased 58.9 percent to $1.40 billion. The unit provides payment processing, digital wallet, and lending services.

Shopee Reports Positive 46.6% Revenue Growth as Southeast Asia E-Commerce Battle Intensifies

eBay Revenue Climbs 15% to $3.13 Billion in Q2 2026

eBay Revenue Climbs 15% to $3.13 Billion in Q2 2026

eBay delivered a strong second quarter in 2026, with both revenue and gross merchandise volume (GMV) recording double-digit growth as the marketplace continued to benefit from its focus on high-value categories, advertising and recommerce.

For the quarter ended June 30, eBay reported $3.13 billion in revenue, up 15% year over year on an as-reported basis and 14% on an FX-neutral basis. GMV also increased 15% to $22.4 billion, marking another strong quarter for the global marketplace. 

eBay’s Q2 Performance

The company reported $552 million in GAAP net income, compared with $369 million a year earlier. GAAP diluted earnings per share reached $1.21, while non-GAAP diluted EPS was $1.60. 

eBay’s advertising business also continued to expand. Advertising revenue reached $596 million, representing a 23% increase from the prior year, as the company continued to strengthen monetization across its marketplace. 

The company said its strategic focus categories and recommerce activities remained important growth drivers. Categories including fashion, collectibles, luxury and motors are helping eBay attract high-intent shoppers and enthusiast buyers.

Depop Adds Momentum to Recommerce Strategy

eBay’s recently completed $1.4 billion acquisition of Depop, the fashion resale marketplace previously owned by Etsy, is also becoming an important part of its growth strategy.

Depop gives eBay greater exposure to younger consumers and the expanding resale economy. The platform’s active users increased to approximately 9 million, up from 7 million previously. 

The acquisition is expected to contribute to eBay’s GMV growth during the second half of 2026, further strengthening the company’s position in the recommerce market.

eBay Raises Its 2026 Outlook

Following the stronger-than-expected quarter, eBay raised its full-year outlook.

The company now expects 2026 revenue growth of approximately 11%-12%, compared with its previous forecast of 7%-7.5%. It also expects GMV growth of approximately 11.5%-12.5%. 

For the third quarter, eBay expects revenue between $3.07 billion and $3.12 billion, above analysts’ expectations at the time of the announcement. 

The results suggest that eBay’s strategy of concentrating on higher-value categories, strengthening advertising and expanding recommerce is gaining traction, while the integration of Depop could provide an additional growth engine for the remainder of the year.

Source