Singapore's Sea expects 'headwind' after COVID-driven boom

New York-listed group reports wider loss in Q4

20220301N Sea

India reportedly banned Sea's Free Fire app, one of the most downloaded smartphone games in the world. (Photo courtesy of Sea) 

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- Top Southeast Asian digital tech group Sea expects "headwind factors" for its business in 2022, the company said Tuesday, following rapid expansion throughout the COVID-19 pandemic.

The Singaporean company, which operates various digital services from online gaming to e-commerce and e-payment, reported revenue of $9.95 billion for 2021, more than double the previous year, while the net loss widened to $2.04 billion, from $1.61 billion.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.