Garena earns US$592.2 million in just three months and Free Fire grows
In just three months, Garena increased its revenue by 12% compared to the previous year.
Sea , Garena 's parent company, recorded a net loss of US$144 million in the third quarter, compared to a total loss of US$569.3 million in the same period in 2022.
However, in the operations of Garena , responsible for the electronic game “ Free Fire ”, Sea saw revenues of US$592.2 million in the second quarter , representing an increase of 11.9% compared to the previous year. In the financial services sector, Sea's revenues grew 36.5% in the same period, totaling US$446.2 million.
Impact of Financial Growth
This significant increase in revenue for Garena, developer of Free Fire, is a clear reflection of the continued expansion of the electronic games market. Furthermore, the rise in revenues in Sea's financial services highlights its diversification and growth strategy.
Free Fire's Contribution to Success
The success of Free Fire is one of the main pillars of this growth, demonstrating its ability to maintain and expand its player base. This robust profitability is the result not only of the game itself, but also of the intelligent monetization strategies implemented by Garena.
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