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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$4.6 billion in 2021. [30] This forecasted decline would mark the first ever downturn in Garena's business. [30]
EA Sports FIFA Online 2, developed by EA and Neowiz, was released in Asia on October 1, 2007. [3] VTC Game published the game in Vietnam in 2008. FIFA Online (2010)
By 2014, Garena was valued at US$ 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. [12] [13] In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion. [14]
The Free Fire World Series – Global Finals 2024 (FFWS) is the sixth edition of Free Fire World Series, the annual international Garena Free Fire championship contested by the best teams across the world hosted by Garena. [2] The tournament was held in November 2024. It was hosted in Rio De Janeiro, Brazil. [3]
The Free Fire World Series 2023 (FFWS) was the fifth edition of Free Fire World Series, the annual international Garena Free Fire championship contested by the best teams across the world hosted by Garena.. [1]
It was followed by two spiritual successors, League of Legends (2009) and Heroes of Newerth (2010), as well by a standalone sequel, Dota 2 (2013), and numerous other games in the genre, such as Smite (2014) and Heroes of the Storm (2015). [5] [6] By the early 2010s, the genre had become a big part of the esports category.
Ring of Elysium (Chinese: 无限法则) was a free-to-play, [1] multiplayer online battle royale game developed by Aurora Studio and published by TCH Scarlet Limited, each a subsidiary of Tencent Games, and is available to download for free on Steam, DMM & Garena.
[54] [55] It went on to become the fourth highest-grossing video game of 2020 with $2.13 billion, [56] and then the eighth highest-grossing mobile game of 2021 with $1.2 billion, [57] for a total of at least $4.33 billion grossed as of 2021. In 2020 and 2021, Free Fire won the Esports Mobile Game of the Year award at the Esports Awards. [58]