Razer hits $1 billion revenue, turning profitable ahead of expectations in FY2020

Razer and subsidiaries have announced their full year results for financial year end 31 December 2020 (FY2020), crossing the US$1 billion revenue milestone despite the odds.

“2020 was a stellar year for Razer and one that marked an inflection point for the business. Despite the global market uncertainty caused by the COVID-19 pandemic, Razer crossed the US$1 billion revenue milestone and turned profitable on a GAAP basis, ahead of all expectations. This performance reflects our dominant brand position, compelling offerings across our ecosystem of hardware, software and services, and strong execution. We intend to carry on the momentum and the strength of our operations into 2021 as we continue to seek to deliver both outsized revenue growth and continued profitability in 2021, and beyond.”

“In addition to delivering a strong set of results for full year 2020, we remain a global Environmental, Social and Corporate Governance (“ESG”) leader in the corporate space. We are not just fully compliant with the ESG standards set out by the Hong Kong Stock Exchange but have gone above and beyond to outline how we, as one of the largest youth and millennial brands in the world, intend to contribute towards a more sustainable future in our #GoGreenWithRazer manifesto.”

Min-Liang Tan, Co-Founder and CEO of Razer

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There’s been plenty of Razer products, of course, supported by services such as Razer Gold, and initiatives such as #GoGreenWithRazer. The company will continue to look towards new hardware products and further investments in the years to come as they monitor the ongoing COVID-19 climate.

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