Garena's Revival and Growth Projections: A New Beginning for Sea Limited in 2024
Monday, 18 March 2024, 10:00
Garena's Challenging Journey
The gaming business at Sea Limited, led by Garena, faces a decisive moment in 2024. The company witnessed a significant decline in profitability and performance post-pandemic.
Setbacks and Resilience
- Peak to Trough: From $1.2 billion to $443 million in bookings.
- User Base Decline: Quarterly active users dropped to 486 million.
- Impact on Sea Limited: Garena's fall affected Sea's overall profitability and expansion plans.
Garena's stabilization and potential growth in 2024 mark a crucial turning point for Sea Limited's business trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.