Home / News / Razer teams with Tencent on cloud gaming standards, reports 30% revenue growth in first half

Razer teams with Tencent on cloud gaming standards, reports 30% revenue growth in first half

Razer at all times needs to be at the fringe of gaming, and so it has teamed up with Tencent Cloud to outline requirements for cloud gaming.

Underneath the deal, the companions will assist cloud gaming develop by way of coming in combination on gaming hardware and tool requirements. Cloud gaming may just develop to 124.7 million customers by way of 2022, in keeping with a learn about by way of marketplace researcher Newzoo.  In the meantime, Razer reported that it misplaced $47 million on $357 million in income for its most up-to-date six months ended June 30.

The cloud gaming cooperation follows the cell gaming and esports collaborations between Tencent, the sector’s greatest sport corporate, and Razer. Razer lately was a founding member of Tencent World eSports Area-Tech Alliance.

In cloud gaming, Razer and Tencent Cloud will paintings intently to release gaming hardware appropriate with Tencent Cloud gaming answers by way of the top of the yr. The 2 firms will even lengthen extra gaming different high-performance peripherals and equipment to excite and fulfill the gaming group.

Razer has a full lineup of products for streamers.

Above: Razer has a complete lineup of goods for streamers.

Symbol Credit score: Razer

And in tool, the 2 firms running in combination to combine titles with in an effort to higher give a boost to consumer enjoy and interactions. Those will come with Razer Chroma RGB lights. Razer will even give a boost to Tencent Cloud with its out of the country growth.

“The collaboration between Razer and Tencent dates again to the times of Crossfire in 2008, and we’re extremely joyful that this dating has long past from energy to energy with a shared dedication to bringing the most efficient enjoy to the gamer group,” mentioned Min-Liang Tan, CEO of Razer, in a observation. “Because of a continual strengthening of our cooperation, we will be able to be offering an unequalled cloud-based gaming enjoy to our more and more refined gaming  group, supported by way of our built-in ecosystem of hardware, tool and products and services full-stack cloud gaming resolution that integrates audio and video transmission era.”

Tencent Actual-Time Communique (TRTC) industry-leading merchandise and applied sciences supply a just right complement to end-user gadgets. We’re extremely joyful to paintings along side Razer to supply our customers an outstanding cloud gaming enjoy.

In the meantime, Razer mentioned it grew its income for the primary part to an all-time excessive of $357.2 million, up 30% from a yr previous. Top-margin products and services grew 110.five% to $35.7 million. However the corporate nonetheless reported a internet lack of $47.7 million for the length. The corporate has no debt and money of $528.nine million.

“This has been a lovely begin to the yr. Our core gaming ecosystem industry stays powerful, turning in just right enlargement and profitability whilst our new enlargement tasks proceed to peer unbelievable scale with our ongoing investments,” Tan mentioned, in a observation. “Our industry stays on the right track to ship on its long-term technique and enlargement ambitions. We predict to proceed to peer forged income enlargement underpinned by way of our ecosystem of hardware, tool and products and services. Additional, we predict our benefit profile to proceed to enhance as evidenced by way of the narrowing of our internet loss place this primary part of the yr.”

Overall registered consumer accounts for Razer grew 40% to 70 million. In products and services, Razer Gold digital credit now has greater than 19 million wallets, up 90% from a yr previous. Avid gamers have get admission to to two,500 titles from 600 publishers.

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