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Razer Announces First Half 2019 Results

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REVENUES GREW 30.3% TO A RECORD HIGH OF US$357.2 MILLION
SERVICES BUSINESS SAW REMARKABLE GROWTH OF 110.5% TO US$35.7 MILLION
NET LOSS POSITION NARROWED TO US$47.7 MILLION

HONG KONG–(BUSINESS WIRE)–Razer™ (“Razer” or the “Company”, Hong Kong Stock Code: 1337), the leading global lifestyle brand for gamers, announces unaudited financial results for the six months ended 30 June 2019 (the “period”).

“This has been a phenomenal start to the year. Our core gaming ecosystem business remains robust, delivering good growth and profitability while our new growth initiatives continue to see incredible scale with our ongoing investments,” said Min-Liang Tan, Co-Founder and CEO of Razer.

“Our business remains on track to deliver on its long-term strategy and growth ambitions. We expect to continue to see solid revenue growth underpinned by our ecosystem of hardware, software and services. Further, we expect our profit profile to continue to improve as evidenced by the narrowing of our net loss position this first half of the year,” he added.

HIGHLIGHTS FOR THE PERIOD

GROUP

CORE SEGMENTS

Hardware

Software

Services

GROWTH INITIATIVES

Razer Fintech

Mobile gaming

Cloud gaming

 THX

Esports

OUTLOOKs

CORE SEGMENTS

GROWTH SEGMENTS

 

Contacts

PRESS CONTACTS

RAZER
Canny Lo
Canny.lo@razer.com
+852 9836 7249

FINSBURY
Evonne Xiao
Evonne.Xiao@finsbury.com
+852 9681 9865

Fonte BUSINESS WIRE

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