The SEA Group which happens to be the parent company of Shoppee, Garena, Airpay Limited among a large number of brands did recently manage to announce its final Q3 2020 performance.
You must know that Garena was successful enough to record a standout and shiny performance and that too across all the major key metrics among so many other ventures. If you want to know everything about the recent standout performance of Garena then you are indeed in the right place searching for it.
You must know that this article is all about providing a deeper look into the achievements that Garena made. All of you will get to know how Garena which happens to be a leading mobile games publisher did manage to make such an impact. It has an impact in context with the Free Fire game.
For people who do not have any clue about what Free Fire is, you need to know that it is an incredibly popular and well-known survival-based online multiplayer game. It will be possible for interested gamers to find the Free Fire game on PC, Android, and iOS.
It is essential for you to know that one of the most important and major key features of the Garena Free Fire game will be including offering compatibility to more lower-end devices. That is why most people like to play the Garena Free Fire so much.
There is a huge number of players residing in different regions of the world who are currently playing the Free Fire game. Here, we did mention some of the major highlights of Garena in Q3 2020. So that you can be able to have a more clear idea of how the Garena Free Fire game is shining.
Major Highlights of Garena in Q3 2020
Here are the major highlights of Garena in Q3 2020 that most of you will be curious to know about. It is sure that all the players and gamers will be able to understand why Garena Free Fire happens to be the one delivering outstanding performance in Q3 2020.
1). The arrival of New Players and A Standard eSports Environment
As you all know, the wide community of the Garena Free Fire game has been increasing gradually, the game is welcoming tens of millions of players. If you did play the Garena game then you will be able to know how addictive the game is.
That is the reason why lots of people are joining the ever-expanding community. It is essential for you to know that the Free Fire game has become very successful along with its eSports Scenario.
You need to know that the eSports did manage to cross more than 150 Million views to date for its coverage of all the Free Fire Game Tournaments. So it is clear that the game will further keep on growing a larger player base. It will be possible for each and every player to play competitively on the battleground that Garena offers.
Sustaining Dominance In Key Regions
It is exciting as well as joyful to know that Free Fire, as the official resources confirm, continues to be the highest-grossing mobile game in Latin America and Southeast Asia in Q3 2020. You must know that the Garena Free Fire game is now boasting 572.4 Million users who happen to be quarterly active.
That will definitely include a 78.3% growth in Active Users. One thing is sure and that is that game is all up and set to make an enormous amount of fortune. Almost 65.3 Million users happen to be paying in the game which is 123.6% more than the Q3 report of 2019.
Group Revenue Highlights
- Total GAAP revenue was US$1.2 billion, up 98.7% year-on-year.
- Total gross profit was US$407.6 million, up 100.6% year-on-year.
- Total adjusted EBITDA1 was US$120.4 million compared to US$(30.8) million for the third quarter of 2019.
Digital Entertainment Highlights
Bookings were US$944.7 million, up 109.5% year-on-year.
Adjusted EBITDA was US$584.5 million, up 119.8% year-on-year.
Adjusted EBITDA represented 61.9% of bookings for the third quarter of 2020, compared to 59.0% for the third quarter of 2019.
GAAP Revenue was US$569.0 million, up 72.9% year-on-year from US$329.1 million for the third quarter of 2019
- Bookings were US$944.7 million, up 109.5% year-on-year.
- Adjusted EBITDA was US$584.5 million, up 119.8% year-on-year.
- Adjusted EBITDA represented 61.9% of bookings for the third quarter of 2020, compared to 59.0% for the third quarter of 2019.
- GAAP Revenue was US$569.0 million, up 72.9% year-on-year from US$329.1 million for the third quarter of 2019
What Does It Implies and How It Impacts Free Fire?
You must know that the Q3 performance in 2020 will clearly be reflecting the hard work and sheer commitment that people are putting in for Garena. That is why it will be possible for each and every player to enjoy the Garena Free Fire to the fullest.
Resultingly, there will be a lot of new changes in the form of content, collaborations, and other interactive events that the players are going to witness in the Garena Free Fire game.
Whether the Garena Free Fire game devs are trying their best to improve the game or if they will try to smoothen the game, there will always be some things that some people will not like. But it is sure that the revenue that the Garena Free Fire game will be successful enough to generate will be effectively useful in enhancing the game even more.
So that it will be possible for the game devs to provide an amazing and thrilling gameplay experience. Also, all the players can be able to expect more collaborations, as well as events and that, will be including big brands in the near future.
Garena Free Fire is all set to step up the gear in the fourth quarter with its exciting player base. You need to know that it will directly imply better servers, fewer hacks, and gameplay which players will definitely like.
There are some new regions that happen to be introduced in the game which will be including South Africa. One thing is sure and that is the eSports scenario will be witnessing tremendous growth. There will be some official tournaments and a larger Prize Pool along with better core management.
Therefore the whole player base can participate in the official tournaments of the Garena Free Fire game. Now, it will be possible for a huge number of players to be a part of the FF community.
Due to the incredible popularity of the Garena Free Fire, there are so many gamers who are considering streaming the game as a serious career option on the internet. So it will add to the digital growth of the individuals as well as the entire nation.
Although there are some things that are still uncertain, it is sure that the Garena Free Fire game is offering a standout and shining performance in Q3 2020.