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| Company type | Public |
| NYSE: SE | |
| ISIN | US81141R1005 |
| Industry | Video Games |
| Founded | 2009; 16 years ago (2009) |
| Founder | Forrest Li |
| Headquarters | Singapore[1] |
Key people | Forrest Li (Founder) Terry Zhao (President) |
| Revenue | US$550m financing-2009 |
| Owner | Sea Ltd |
| Website | www |
Garena is a Singaporeangame developer andpublisher of free online games.[1] It is the digital entertainment arm of parent companySea Ltd,[2] which formerly used Garena as the parent company name.[3]
The company distributes game titles on Garena+ in various countries across Southeast Asia and Taiwan, including themultiplayer online battle arena (MOBA) gamesLeague of Legends andHeroes of Newerth, thefirst-person shooter gamePoint Blank, the mobile MOBA gameArena of Valor and the mobile racing gameSpeed Drifters.[4] Garena also used to distribute the football simulation gameEA Sports FC Online, until Garena and EA Sports decided to retire the game.[5]
In 2017, it releasedFree Fire, which had over 150 million daily active users globally by May 2021.[6] As of February 2024, Free Fire had 100 million active users.[7]
Garena was established byForrest Li in Singapore in 2009.[8]
In 2010, Riot Games awarded the publishing rights of League of Legends (LoL) to Garena, for the game’s first launch in Southeast Asia.[9]
In November 2011, Garena announced its publishing rights for the team-based shooter game,Firefall, in Southeast Asia and Taiwan.[10]
In December 2011, Garena announced their collaboration[11] with online games developer, Changyou, to publish and operate the popular 3D martial arts game,Duke of Mount Deer, in Taiwan. The game was the first MMORPG game available through Garena+. The game combines a classic Chinese story with the latest 3D rendering technology and cinematic quality graphics.Duke of Mount Deer[12] was created by several top online-gaming experts from China and South Korea and has gained much popularity in China. The same month, the "Dominion" game mode for Garena'sLeague of Legends players in Singapore and Malaysia was launched.[13]
Upon its establishment in 2009, the entire company operated under the name Garena. In March 2015, theOntario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in the company, valuing it at over US$2.5 billion.[14]
In May 2017, a corporate rebranding took place, and the parent company adopted the name Sea Ltd. after raising US$550 million in a funding round .[15][16] However, the digital entertainment segment retained the Garena name, maintaining its brand identity in the gaming industry.[17]
In 2017, Garena launched its first self-developed mobile game, Free Fire. Since its release, Free Fire has gained a substantial user base in Southeast Asia and Latin America and expanded its reach, being available in more than 130 countries.[18] As of February 2024, Free Fire has over 100 million daily active users worldwide.[7] According to data.ai, it was the most downloaded mobile game worldwide from 2019[19] to 2021[20] and continued to lead as the most-downloaded mobile battle royale game in 2022[21] and 2023.[22]
Free Fire's popularity extends into the esports arena. The Free Fire World Series 2021 Singapore (FFWS 2021 SG), held in May 2021, achieved a record of 5.4 million concurrent viewers, excluding Chinese platforms.[23] This marked the highest peak viewership for any esports match in history, as reported by Esports Charts.[24]
In January 2021, Garena acquired Vancouver-based Phoenix Labs, the developers ofDauntless.[25][26] The acquisition aimed to expand Garena's international presence and enhance its capabilities in game development globally. Operations at Phoenix Labs and the development of Dauntless continued without disruption following the acquisition.[27] By 2023, Phoenix Labs had transitioned back to operating as an independent studio following a management buyout supported by investors.[28]
By the second quarter of 2021, Garena reported having 725 million active users, 45% more than the year prior, while the number of paid users grew 85% year-on-year, reaching 92 million.[29] However, the outlook for Garena appeared less optimistic in 2022. Reports from March indicated that Garena was projected to achieve US$2.9 billion to US$3.1 billion in bookings for the year, a decrease from US$4.6 billion in 2021.[30] This forecasted decline would mark the first ever downturn in Garena's business.[30] One contributing factor to this decline was the ban on its "Free Fire" title in India, affecting its availability on both Google Play and Apple app stores.[30][31][32]
In September 2021, Garena announced the global launch of Free Fire Max, an enhanced version of its flagship game, Free Fire.[33] Designed as a standalone application, Free Fire Max retains the core gameplay of Free Fire but incorporates several upgrades, including enhanced graphics and an in-app customizable map for increased player immersion. It also features a more realistic map and exclusive content not available in the original version.[33] The connectivity between Free Fire and Free Fire Max is facilitated by Garena’s proprietary technology, Firelink, which ensures full interoperability between both game versions.[33]
By 2023, Sea reported it had stabilized the Garena's business performance and maintained steady demand forFree Fire, which achieved a peak of over 100 million daily active users in February 2024.[34][35]
In 2023, Garena announced plans to publishUndawn, an open-world zombie survival game, across Southeast Asia.[36] The company also began releasing another mobile game,Black Clover Mobile, based on the popular manga seriesBlack Clover.[37]
In 2010, Garena launched its first product, Garena+, an online game and social platform for people to meet, chat and play games with one another.[38] Other online products of the company include BeeTalk[39] and TalkTalk.[40]
In May 2012, Garena launched theGarena Premier League (GPL), a six-month-long online professional gaming league with more than 100 matches to be played. The first season of GPL is a League of Legends competition which comprises six professional teams. The teams areBangkok Titans (Thailand),Kuala Lumpur Hunters (Malaysia),Manila Eagles (Philippines),Saigon Jokers (Vietnam),Taipei Assassins (Taiwan) andSingapore Sentinels (Singapore), which represent top players from respective countries. GPL matches are captured and broadcast online along with commentaries, which are available for viewers to watch on the GPL official website.[41]
In January 2013, Garena announced the second season of the Garena Premier League, which would start on 4 January 2013. Garena Premier League 2013 includes two new teams from Taiwan and Vietnam, bringing the total number of teams to eight. The teams are:AHQ, Saigon Fantastic Five, Bangkok Titans, Kuala Lumpur Hunters, Manila Eagles, Saigon Jokers, Taipei Assassins and Singapore Sentinels.[42]
In November 2014, the Garena e-Sports Stadium, a dedicated venue for esports, opened inNeihu District,Taipei.[43] The studio was built partially to accommodate the beginning of theLeague of Legends Masters Series, the top-level Taiwan, Hong Kong, and MacauLoL league that was spin-off of the GPL. The Garena e-Sports Stadium officially closed in 2019, and future Garena events will be held at the Logitech G Esports Arena in Taipei.[44]
In January 2015, Garena launched Iron Solari League, a women'sLeague of Legends tournament in thePhilippines.[45] It is a monthly event organized in the second half of each month. It aims to encourage participation by under-represented groups and is open to all those who self-identify as female.
Besides competitive tournaments, Garena also organizes events to cater to users to meet and connect offline. This includes the annual Garena Carnival held in Singapore and Malaysia.[46]
In 2019, Garena held its largest esports event for Free Fire, the Free Fire World Series in Rio de Janeiro, which drew a peak of more than 2 million concurrent viewers.[47] The following year, Garena's tournament, the Free Fire Continental Series (FFCS), was conducted across three regions: the Americas, Asia, and EMEA (Europe, Middle East, and Africa). The Asia Series broke records with over 2.5 million peak concurrent viewers, according to Esports Charts.[48]
In 2021, the Free Fire World Series finals in Singapore achieved a new milestone for mobile esports by attracting over 5.4 million peak concurrent online viewers, the highest recorded for any mobile esports event.[49]
In December 2023, Garena announced plans to consolidate all local Free Fire leagues under the FFWS (Free Fire World Series) brand starting in 2024. This initiative aims to standardize the game's esports framework and enhance its global identity.[50] Additionally, Garena entered into a partnership with the Esports World Cup (EWC) Foundation, leading to Free Fire's inclusion as a competition title at the inaugural EWC, scheduled to occur in Riyadh, Saudi Arabia, in July 2024.[51]
On February 3, 2015, Garena eSports announced restrictions on the participation of gay and transgender individuals in an all-femaleLeague of Legends tournament, citing concerns about an "unfair advantage." This decision was met with criticism from the gaming community and a statement from League of Legends developer Riot Games affirming that "LGBT players are welcome at official LoL tournaments." On February 4, 2015, Garena issued an apology and rescinded the restrictions.[52]
Garena provides a platform for game titles such asDefense of the Ancients andAge of Empires, and also publishes games, likemultiplayer online battle arena gamesLeague of Legends,Heroes of Newerth,Free Fire,Call of Duty andBlack Shot for players in the region.
Garena-published games:
| Title | Genre | Developer | Year of launch | Countries | Remarks |
|---|---|---|---|---|---|
| BlackShot | MMOFPS | Vertigo Games | 2009 | Singapore, Malaysia, Philippines | Changed as self-published (Vertigo Games via PapayaPlay[53]) |
| Mstar | Casual/Dance | Nurien/Netmarble | 2009 | Taiwan, Malaysia and Singapore | Closed 26 August 2019 |
| League of Legends | MOBA | Riot Games | 2010 | Indonesia, Malaysia and Singapore, Philippines, Taiwan/Hong Kong/Macau, Thailand, Vietnam | Closed and Changed as self-published; since January 2023[54][55] |
| Heroes of Newerth | MOBA | Frostburn Studios | 2010 | Singapore, Malaysia, Thailand, Philippines, Indonesia, CIS | Closed on 20 June 2022 |
| Duke of Mount Deer | MMORPG | Changyou.com | 2011 | Taiwan | Closed 24 March 2014 |
| Point Blank | MMOFPS | Zepetto | 2012 | Thailand, Singapore, Malaysia, Philippines, Indonesia | Closed 28 June 2017; later relaunch in Thailand, Indonesia, Singapore and Malaysia (self-published) |
| Path of Exile | ARPG | Grinding Gear Games | 2013 | Malaysia, Singapore, Taiwan, CIS, Thailand | Closed 2016 (CIS),[56] ?[citation needed] (Thailand, Singapore, Malaysia) |
| Elsword | MMORPG | KOG Studios | 2013 | Philippines | Closed 2 December 2015 |
| Firefall | Team Shooter/FPS | Red 5 | 2014 | Taiwan, Singapore, Malaysia, Hong Kong and the Philippines | Closed |
| Lost Saga | Casual/Fighting | IO Entertainment | 2015 | Thailand, Taiwan | Closed 3 December 2017 |
| Thunder Strike | Vertical Scroller | sunmosh | 2015 | Thailand, Taiwan, Vietnam | Closed 6 October 2017 |
| Alliance of Valiant Arms | Team Shooter/FPS | Red Duck Inc./NEOWIZ | 2015 | Singapore, Malaysia | Closed 3 July 2018 |
| Vindictus | MMORPG | devCAT/Nexon | 2015 | Thailand | Closed 31 August 2018 |
| Arena of Valor (Mobile Game) | MOBA | TencentTiMi Studio | 2016 | Indonesia, Vietnam, Thailand, Taiwan. | |
| Free Fire (Mobile Game) | Battle Royale | Garena | 2017 | Global | [57] |
| Blade & Soul | MMORPG | Team Bloodlust/NCSoft | 2017 | Thailand, Vietnam | Closed 15 August 2023 (Vietnam) |
| FIFA Online 3 | Sports/Soccer | Electronic Arts | 2013 | Thailand, Malaysia, Singapore, Vietnam | Closed and replaced byFIFA Online 4 |
| Ring of Elysium | Battle Royale | TencentAurora Studio | 2018 | Taiwan, Hong Kong, Macau, Thailand, Indonesia | Closed 21 January 2022 |
| TalesRunner | Sports | Rhaon/Smilegate | 2018 | Indonesia | Closed |
| Onmyoji (Mobile Game) | Visual Novel/Action | NetEase Games | 2018 | Thailand | Closed 3 April 2019 |
| DD Tank (Mobile Game) | Artillery | MMOG.asia/Changyou.com | 2018 | Thailand | [citation needed] |
| Rising Force Online | MMORPGs | CCR International | Thailand | [citation needed] | |
| FC Online | Sports/Soccer | Electronic Arts | 2018 | Thailand, Malaysia, Singapore, Vietnam | formerly known asFIFA Online 4 |
| Call of Duty: Mobile (Mobile Game) | Battle Royale/Multiplayer | Activision/TencentTiMi Studio | 2019 | Singapore, Malaysia, Indonesia, Thailand, Taiwan, Philippines | |
| Speed Drifters (Mobile Game) | Racing | TencentTiMi Studio | 2019 | Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Hong Kong, Macau | |
| Contra: Return (Mobile Game) | Run and Gun Shooter | TencentTiMi Studio/Konami | 2019 | Taiwan, Thailand, Malaysia, Singapore, Indonesia | |
| Fairy Tail: Forces Unite (Mobile Game) | RPG | TencentMorefun Studios | 2020 | Malaysia, Singapore, Philippines | [58] |
| Free Fire MAX (Mobile Game) | Battle Royale | Garena | 2021 | Global | |
| Moonlight Blade M (Mobile Game) | MMORPG | Tencent Games | 2021 | Taiwan | [59] |
| Blockman GO (Mobile Game) | Sandbox | Zhuhai Sandbox Network Co. Ltd. | 2017 (relaunched in 2022) | Global | [60] |
| Black Clover M (Mobile Game) | RPG | Ilinix, inc | 2022 | Global | [61] |
| Undawn (Mobile Game) | MMORPG | Tencent Games | 2023 | Singapore, Malaysia, the Philippines, Indonesia, and Thailand | [36] |
| Cái Thế Tranh Hùng (Mobile Game) | Strategy, Role Playing | Topjoy | 2023 | Vietnam | |
| Need for Speed Mobile[a] (Mobile Game) | Racing | Electronic Arts/TencentTiMi Studio | 2024 | Taiwan, Hong Kong, Macau |
Garena was founded in 2009 as an online gaming platform and its games business will retain that name.