On August 11, Sea Ltd rose 11.39% in regular trading, trading at $126.85/share, with turnover of $259 million. The surge was driven by the company's Q2 earnings release before the opening bell, which showed revenue far exceeding market expectations.

Sea Ltd reported Q2 revenue of $7.79 billion, representing a 48.1% year-over-year increase and significantly beating the analyst consensus estimate of approximately $7.06-7.12 billion. While EPS of $0.70 missed the Street estimate of $0.75-0.77, the revenue growth rate far surpassed the roughly 42% that analysts had projected. Notably, the company raised its full-year profit outlook for its e-commerce platform Shopee, targeting the $1 billion level, signaling continued improvement in transaction activity and monetization efficiency.

Prior to the earnings release, institutions had broadly favored Sea Ltd's growth trajectory, with analysts highlighting GMV expansion as a driver of improving unit economics. The substantial revenue beat validated this thesis and triggered a strong positive market reaction, making Sea Ltd a standout performer in the Broadline Retail sector on the day.

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