Sea Limited shares plunged premarket on Tuesday following its fourth quarter earnings report, which fell short of analyst expectations. Adjusted earnings per share of $0.63 missed the consensus estimate of $0.80, though revenue of $6.9 billion slightly exceeded forecasts of $6.49 billion. The shortfall triggered a sharp 15% decline in the stock price.

Despite the EPS miss, Sea reported strong underlying growth, with adjusted EBITDA rising 33.2% to $787.1 million and net income increasing 72.9% to $410.9 million year-over-year. The company also provided 2026 guidance, targeting Shopee e-commerce platform revenue growth of around 25% YoY and ensuring full-year adjusted EBITDA won't drop below 2025's level of $880.6 million.