Razer reported record revenues, which for the first time in its history were above $ 1 billion. By the end of 2020, the company earned $ 1,2 billion, which is 48% more than a year earlier. Such indicators were provided by the pandemic, which generated a huge demand for gaming devices.

The bulk of Razer’s profits came from its gaming peripherals division. Revenue from this segment increased by 51,8% compared to 2019. The company said that they managed not only to retain the title of leader in the supply of peripheral equipment in the markets of the USA, Europe, China and the Asia-Pacific region, but also to take away a significant share of this market from competitors.

Razer did not disclose the revenue of its software development department, but indicated that revenue from its services segment, which includes the financial technology department of Razer Fintech, grew by 66,8% to $ 128,4 million.

The company returned to profit after its net losses in the first half of 2020 amounted to $ 17,7 million. Net profit for the whole year, according to GAAP, reached $ 800 thousand. According to Razer, this is above all expectations. Razer has no debts for the year.

The manufacturer noted that despite the initial constraints seen in its supply chains amid the coronavirus pandemic, “accumulated consumer demand»Helped the company to demonstrate such a record financial performance.

Razer previously shared its roadmap for the next 10 years. In particular, by 2025 the company plans to completely switch to the use of renewable energy sources, and by 2030 – to achieve carbon neutrality.