Shopee is a Major Contributor to Sea Group's Revenue

Technology & Telecommunications

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Reza Pahlevi 27/05/2022 15:30 WIB

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Sea Group has three business lines: the e-commerce platform Shopee, the financial services arm SeaMoney, and the gaming company Garena.

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Sea Group Revenue by Source (2022)

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Southeast Asian technology giant Sea Group has had three business lines since its operation in 2009. Sea Group is the parent company of the e-commerce platform Shopee, SeaMoney, and lastly, the digital entertainment service Garena.

Of these three businesses, Shopee contributes the most to the Group's revenue. Shopee recorded revenue of US$5.12 billion, or 51.5% of the group's total revenue of US$9.96 billion.

Garena contributed US$4.32 billion, or 43.4% of total revenue. Garena manages games such as Free Fire, League of Legends, Arena of Valor, and Call of Duty Mobile in Southeast Asia.

The third contributor is SeaMoney (ShopeePay, SPayLater, SeaBank), which contributed revenue of US$469.8 million (4.7%). Lastly, other business lines contributed US$42.4 million (0.4%).

Sea Group recorded a net loss of US$2.04 billion in 2021. This loss swelled by 25.8% from US$1.62 billion in 2020.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Shopee is a Major Contributor to Sea Group's Revenue

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Shopee is a Major Contributor to Sea Group's Revenue

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