Garena’s adjusted Ebitda in 2Q2021 was US$740.9 million, up 69.8% y-o-y, on a revenue of US$1 billion, up 166.8% y-o-y. Quarterly active users reached 725.2million, an increase of 45.1% y-o-y. Quarterly paying users grew by 84.8% y-o-y to 92.2million.
E-commerce website, Shopee’s 2Q2021 revenue rose 160.7% y-o-y to US$1.2 billion. Gross orders in the second quarter rose 127.4% y-o-y to 1.4 billion. Shopee recorded an adjusted Ebitda loss per order of US$0.41 per order, down 19.6% y-o-y.
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Sea said it is raising the guidance for both digital entertainment and e-commerce for the full year of 2021. “We expect bookings for digital entertainment to be between US$4.5 billion and US$4.7 billion, representing 44.4% growth from 2020 at the midpoint of the revised guidance. We also expect GAAP revenue for e-commerce to be between US$4.7 billion and US$4.9 billion, representing 121.5% growth from 2020 at the midpoint of the revised guidance,” the FinTech group said.
