SG's Razer nets profit in 2020 for first time, revenue crosses $1b mark

Photo: Razer

Hong Kong-listed gaming company Razer turned profitable in 2020 for the first time since it went public in November 2017 with a GAAP net profit of $0.8 million as its revenue surged.

In 2019, it made a GAAP net loss of $83.5 million. The Singapore-based company said on Thursday that its revenue grew by 48% to $1.2 billion in 2020 from $820.8 million in 2019 due to increased traction in its hardware and software & services businesses.

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