Razer shared full-year financials and reported another record year for revenue.
For the 12 months ended December 31, 2021, the company posted total revenue of $1.6 billion, an increase of 33.3% compared to $1.2 billion made in 2020.
The company’s gross profit also improved significantly after recovering losses last year.
Much of the revenue came from hardware sales, which accounted for 67% ($1.08 billion) of revenue, as well as the expansion of ongoing channels in the services business.
For its services segment, which includes digital payment systems Razer Gold and Razer Fintech, it increased by 26% year-on-year to $162.5 million, 16% of the company’s gross profit.
Razer did not share a figure for the Software business, but noted that the number of users of the Software platform increased by 44.1% year-over-year to 177.7 million.
