Razer expects profits to continue to grow as consumers take to gaming amid pandemic, CEO Tan Min-Liang says

  • Hong Kong-listed Razer posted a maiden net profit of US$800,000 on record revenues of US$1.2 billion for 2020
  • The company, known for its gaming PCs and peripherals, says it expects to see consistent growth moving forward

Tan Min-Liang, co-founder and chief executive of Razer, said the company’s impressive growth last year would continue to be sustained. Photo: Thomas Leung
It took gaming hardware and digital services company Razer three years since its Hong Kong listing before it turned a maiden profit last year, thanks to a worldwide gaming boom as lockdowns kept consumers at home. For Tan Min-Liang, co-founder and chief executive of Razer, it was a welcome relief.

Razer, dual-headquartered in Irvine, California, and Singapore, last Wednesday posted a net profit of US$800,000 on record revenues of US$1.2 billion for 2020. The profit comes on the back of a loss of US$83.5 million in the previous year, while the revenues were fuelled by increasing demand, as well as market share gains for its hardware business and robust growth of its services business.

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