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RAZER DELIVERS RECORD HIGH REVENUE AND NET PROFIT OF US $ 31 MILLION FOR THE FIRST HALF OF 2021 Invest for growth to achieve long - term growth ambitions Hong Kong , August 25 , 2021 - Razer ™ ( " Razer " or the " Company " , together with its subsidiaries , the " Group " , Hong Kong Stock Code : 1337 ) , the leading global lifestyle brand for gamers , announces unaudited financial results for the six months ended 30 June 2021 ( " 1H 2021 " ) . " Razer had a phenomenal first half of the year . In addition to the ongoing growth in the broader industry that benefitted our core business segments , Razer's stellar results were driven by our strong brand position and intensely loyal user base , our proven capabilities in rolling out innovative , category - defining products and services , and effective operational execution , " said Min - Liang Tan , Co - Founder and CEO of Razer . " Looking ahead , the robust momentum in our business , strong fundamentals and the exciting opportunities we see in the market , give us the confidence that it is the right timing to further scale our business . We intend to reinvest part of our full year profits into high potential areas such as Razer Gold and Razer Fintech , as well as step up investments in new growth opportunities in the Razer ecosystem . We believe these strategic investments will allow us to build a greater platform for Razer to achieve long- term growth ambitions and deliver outstanding value to shareholders . " Key highlights for 1H 2021 earnings COMPANY • Record - high Revenue of US $ 752.0 million with 68.0 % year - on - year growth driven by robust demand , market share leadership for the Hardware business , and ongoing growth in the Services segment . Gross Profit Margin improved to 27.1 % , as compared with 22.0 % for the same period in 2020 , primarily due to improving margins in the Hardware segment . Adjusted EBITDA * ( a non - GAAP measure ) of US $ 59.5 million , soaring by 1,759.4 % year - on - year growth from US $ 3.2 million for the same period in 2020 . • Net Profit of US $ 31.3 million , as compared with a Net Loss of US $ 17.7 million for the same period in 2020 , driven by exceptional revenue growth , continued gross margin expansion , and productivity improvement . The Group defines adjusted EBITDA as profit / ( loss ) from operations added back with depreciation and amortisation , share - based compensation expense , restructuring expense , and merger and acquisitions expense .