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Free Fire: Garena has announced financial results for 2022, along with upcoming updates

10% Players actually buy in-game items!

As of today, Free Fire certainly requires no introduction, it’s only one of the most popular mobile battle royale games currently, crossing the likes of PUBG Mobile, Call of Duty: Mobile, and other games in the genre. The parent company Garena is a leading global developer and publisher of online games shares its financial report on 23rd May 2022 that the company has an updated market value of 43.24 billion dollars and 10% of players are payers which means, those who buy in-game items.

Garena financial report
Image via Garena

According to the reports highlighted, the company has managed somehow to increase the percentage of paying users of the game by 8.9% prior to the pandemic. Additionally, the company also mentioned that it is focusing on bringing new features, events, and collaboration with more effective content.

Garena releases a financial report for the first quarter of 2022

Sea and Garena announced their financial results for the first quarter of 2022 last week. Free Fire remains one of the most popular games around the world as it continues to focus on high-quality content and ensure that the game is accessible and enjoyable for a large player base.

Our vision of turning Free Fire into a long-term gaming franchise and platform remains an ongoing strategy. We are focused on innovating and investing in Free Fire in more content and user engagement events.


This battle royale game has promised to bring a new Crafting Workshop, map editor feature and a lot of un-seen collaborative-based events, and much more by driving greater engagement and interaction between creators and players in the Free Fire community.

Summary of Garena’s financial report

  • Most downloaded mobile game globally.
  • Free Fire is the highest-grossing game in Southeast Asia and Latin America for eleven consecutive quarters.
  • Highest-grossing mobile game in the United States (US) for four consecutive quarters.

Garena Free Fire players are just a few hours away from experiencing the OB34 update. The highlights of the patch notes, which will be accessible on May 25th, 2022, have been released by the officials. The next update will include new characters, weapons, pets, and a slew of other goodies.

What are your thoughts on the Free Fire financial report for the first quarter of 2022? Let us know in the comments below!

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