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sea connecting the dots Sea Limited Reports Second Quarter 2021 Results Singapore , August 17 , 2021 Sea Limited ( NYSE : SE ) ( " Sea " or the " Company " ) today announced its financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights Group O O Digital Entertainment o Bookings were US $ 1.2 billion , up 64.8 % year - on - year . Adjusted EBITDA¹ was US $ 740.9 million , up 69.8 % year - on - year . Total GAAP revenue was US $ 2.3 billion , up 158.6 % year - on - year . Total gross profit was US $ 930.9 million , up 363.5 % year - on - year . Total adjusted EBITDA¹ was US $ ( 24.1 ) million compared to US $ 7.7 million for the second quarter of 2020 . O O Average bookings per user were US $ 1.6 , compared to US $ 1.4 for the second quarter of 2020 . Our self - developed global hit game , Free Fire , hit over 1 billion downloads on Google Play . Free Fire also ranked third globally by average monthly active users for mobile games on Google Play in the second quarter of 2021 , according to App Annie³ , and achieved a new record high of over 150 million peak daily active users in the quarter . Adjusted EBITDA represented 62.8 % of bookings for the second quarter of 2021 , compared to 60.9 % for the second quarter of 2020 . GAAP revenue was US $ 1.0 billion , up 166.8 % year - on - year . Quarterly active users ( “ QAUs ” ) reached 725.2 million , an increase of 45.1 % year on - year . Quarterly paying users grew by 84.8 % year - on - year to 92.2 1 lion , and represented 12.7 % of QAUs for the second quarter compared to 10.0 % for the same period in 2020 . O Free Fire continued to be the highest grossing mobile game in Southeast Asia , Latin America and India for the second quarter of 2021 , according to App Annie³ . Free Fire has maintained this leading position for the past eight consecutive quarters in Southeast Asia and in Latin America , and three consecutive quarters in India . O In the United States , Free Fire was also the highest grossing mobile battle royale game for two consecutive quarters , and was the second highest grossing mobile game on Google Play for the second quarter of 2021 , according to App Annie³ . In June , we launched Moonlight Blade Mobile , a massively multiplayer online role playing game , in Taiwan , to further expand our portfolio of published titles across a diverse genre of games . Our esports events continued to attract significant engagement in the second quarter . In May 2021 , we successfully hosted Free Fire World Series 2021 Singapore , which recorded over 5.4 million peak concurrent online viewers . 1