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Razer Reports First Profit Since 2014 After Record Year

relates to Razer Reports First Profit Since 2014 After Record Year

Source: Razer Inc.

Updated on

Razer Inc. surpassed forecasts and its annual revenue high mark as it recorded its first profit since 2014.

The gaming peripherals maker posted $5.63 million in net income off $1.2 billion in revenue in the year to Dec. 31. Both were above analysts’ expectations, with the pandemic-afflicted 2020 spurring demand for PC gear that saw Razer’s sales rise 48%.