Sea Ltd., an online shopping giant in Southeast Asia, is set to release its third-quarter earnings next Tuesday.

The company has seen a 175% increase in stock value since January, raising investor expectations, especially for its ecommerce wing, Shopee.

Sea has raised merchant fees in key markets, potentially boosting ecommerce growth.

Yet, its digital entertainment segment, relying on the Free Fire game, might face a 20% revenue decline compared to the previous year.