Razer Has Record-High 2020 Revenue

Video game products maker Razer Inc., with its U.S. headquarters in Irvine, reported record-high annual revenue of $1.2 billion for 2020 for an increase of 48% over 2019, while last year's net profit of $800,000 beat expectations.

The company said the revenue growth was driven by robust demand, as well as market share gains for the hardware business and continued exponential growth of its services segment.

“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,” said Min-Liang Tan, co-founder and CEO of Razer.

Razer is listed on the Hong Kong Stock Exchange, while the other co-headquarters office is in Singapore.