Throughout 2020, Razer Recorded Revenue Up To Rp17 Trillion

Razer Fintech CEO, Li Meng Lee (screenshot)

JAKARTA - Razer has managed to book revenue of 1.2 billion US dollars or around Rp. 17 trillion. This is the most accumulated revenue from the gaming peripheral company, throughout 2020.

"2020 has been an extraordinary year for Razer and is a year that marks a turning point in business. Despite the uncertainty of the global market due to the COVID-19 pandemic, Razer is past the US $ 1 billion revenue target," said Min-Liang Tan, Co-Founder and CEO of Razer in an online discussion, Wednesday, March 24.

This growth encouraged the company to generate GAAP net profit of US $ 800 thousand, compared to the production loss margin in the previous year. According to Razer Fintech's chief strategy and CEO, Li Meng Lee, the company's achievement rate has increased by 32.9 percent, since the 2017 public listing.

Based on the company's latest revenue release, Razer's hardware segment accounted for more than US $ 1 billion of its total revenue. This peripheral business includes the mouse, keyboard and headset categories.

"This increase in sales increased from the previous year. Perhaps as a result of high demand from consumers, although there was a big impact on production at the beginning of the year due to the COVID-19 pandemic," said Lee.

The financial services and services segment that houses the Razer Gold and Razer Fintech businesses, also experienced an increase in revenue in 2020. These service users recorded a growth of 66.8% YoY to 128.4 million US dollars.

"This is driven by the entry of new traders from the side of online e-commerce, consumer retail and the food and beverage industry, with a growth of around 191% year-on-year reaching more than 50,000 traders," he explained.

For its software segment, Razer said that total user accounts increased 53.8% year on year to around 123 million, with monthly active users surging more than 68.2%. This surge includes users of its game launcher Razer Cortex, internet of things platform Razer Synapse, and system lighting hub Razer Chroma.

Going forward, Razer said it would continue to monitor the market situation, given the ongoing Covid-19 pandemic, and its initiatives to drive sustainable profitability, which includes the introduction of new hardware, increased hardware margins, investment and merger and acquisition activities, among people. other.