Garena Company Overview: Market Value, Top Games, CEO, and Global Impact

Garena Company Overview: Market Value, Top Games, CEO, and Global Impact

Introduction

Garena is a leading digital services company based in Singapore, best known for publishing and developing some of the most popular online games across Asia and beyond. As a subsidiary of Sea Limited, Garena has grown to become one of the biggest names in the global gaming industry, especially in the mobile gaming space. This article explores Garena’s market value, top games, leadership, and its most popular and most downloaded game.

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Garena’s Market Value and Parent Company

Garena operates under Sea Limited (NYSE: SE), a publicly traded tech company headquartered in Singapore. As of early 2025, Sea Limited has a market capitalization of around $25–30 billion, although this figure varies based on stock market performance.

Garena, being the gaming division of Sea Group, is estimated to contribute over $5–8 billion in valuation alone, primarily due to the massive revenue and user base of its flagship game, Free Fire.

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Top Games Developed or Published by Garena

Garena has successfully published and localized a variety of mobile and PC games for different regions. Some of its most well-known titles include:

1. Garena Free Fire

Genre: Battle Royale

Platform: Mobile (Android & iOS)

Release: December 2017

Downloads: Over 1 billion on Google Play Store

Revenue: Over $4 billion globally

Awards: Google Play's "Best Popular Vote Game" in 2019

Fun Fact: Developed by 111dots Studio and published by Garena

2. Call of Duty: Mobile (SEA version)

Garena handles regional publishing for Southeast Asia

Partnered with Activision

3. Arena of Valor

MOBA game

Known for its fast-paced multiplayer battles

4. Speed Drifters

Casual racing game with anime-style characters

5. League of Legends (Past)

Garena previously managed League of Legends in SEA until 2023

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Most Popular Garena Game: Free Fire

Among all Garena games, Free Fire is by far the most popular and impactful. Here's why:

Over 1 billion downloads on Google Play

Over 150 million daily active users at its peak

Massive popularity in India, Brazil, Indonesia, Bangladesh, and LATAM countries

Optimized for low-end devices, making it widely accessible

Global tournaments with millions in prize pools

Recognized as the most downloaded mobile game in the world in both 2019 and 2020

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Free Fire’s Market Value

While the game itself is free-to-play, it earns revenue through in-game purchases, battle passes, character skins, and esports sponsorships.

Estimated lifetime revenue: $4–5 billion

Estimated brand valuation of Free Fire alone: $3–4 billion

Monthly revenue (at peak): Around $100 million+

Contributed over 60% of Garena’s total gaming revenue

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Garena’s CEO and Key Management

CEO of Sea Group (Garena’s parent company)

Name: Forrest Li (Li Xiaodong)

Nationality: Singaporean (originally from China)

Education: MBA from Stanford University

Roles: Founder, CEO, and Chairman of Sea Limited

Key Executive: Gang Ye

Co-founder and Chief Technology Officer

Focuses on product development and game technology

The leadership team’s focus on emerging markets, mobile-first development, and localized publishing has been central to Garena’s success.

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Conclusion

Garena has made a lasting impact on the mobile gaming world, especially with the launch and growth of Free Fire, which became a global phenomenon. Backed by Sea Group’s strong financials and visionary leadership, Garena continues to dominate in developing countries and esports arenas. As Free Fire continues to evolve with new seasons, characters, and tournaments, Garena remains one of the most influential forces in the gaming industry.