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Razer experiences revenues of $1.6bn for 2021

IT24

ByIT24

Mar 18, 2022


{Hardware} firm posts $43 million in internet revenue in comparison with $800ok in 2020

Razer has shared its full-year financials, reporting one other report 12 months for income.

For the 12 months ended December 31, 2021, the agency shared complete revenues of $1.6 billion, a rise of 33.3% on the $1.2 billion made in 2020.

The corporate’s gross revenue additionally improved considerably following final 12 months’s recuperation of losses. It shared a GAAP internet revenue of $43 million, a rise of over 5,000% on the $800,000 revenue generated in 2020.

The majority of the income was pushed by hardware gross sales which accounted for 67% of revenues ($1.08 billion) as effectively the continued growth of channels in its Providers enterprise.

Razer noticed quite a lot of core hardware launches this 12 months, particularly throughout its vary of PC gaming peripherals. It additionally famous that gross sales had been “pushed by demand within the first half of 2021 because of the pandemic.”

For the Providers phase, comprised of digital cost programs Razer Gold and Razer Fintech, it reported a 26% enhance year-over-year to $162.5 million, 16% of the corporate’s gross revenue.

Razer didn’t share a determine for its Software program enterprise, however acknowledged that its Software program platform noticed a 44.1% year-over-year enhance in customers to round 177.7 million, with MAUs growing by 30%.

In March 2021, Razer unveiled a ten-year roadmap to reduce the environmental influence of its enterprise, and pledged to modify to 100% renewable vitality by 2025.



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