Gaming has become more popular than each of television, film and music, with gaming serving as a pillar of entertainment, social connection and relaxation for gamers. Gaming has evolved from an isolated activity to a community-driven team sport and mainstream medium of entertainment today. I believe that SteelSeries is well placed to continue to outgrow the market as we strengthen our position as a leader in premium gaming peripherals.”

Going forward we expect to see more normalized industry growth rates, albeit from a higher baseline. The gaming peripherals market was positively impacted by the global COVID-19 pandemic during the first half of the year.

SteelSeries continues to demonstrate strong and consistent multi-year average growth rates highlighting the ongoing strength of our business fundamentals. This was driven by our category-defining innovation, leadership in esports and enthusiast following.

EBITDA (adjusted for special items) increased 130% to DKK 189 million, resulting in a margin ofġ4.6% compared to 9.9% in the first half of 2020Įhtisham Rabbani, CEO of SteelSeries, said: “In the first half of 2021, we continued to see strong revenue development in our business, while simultaneously improving our margins.

Gross margin was 37%, on par with the first half of 2020, despite increased freight rates.

Sales related to SteelSeries audio products accounted for 57% of total revenue, whereas revenueįrom other products, including mice, keyboards, mousepads and performance accessories.

Revenue from Direct-to-Consumer (through our own websites) sales was 11% of total revenue.

APAC grew 44%, constituting 14% of total revenue.

EMEA grew 72%, constituting 41% of total revenue.

Americas grew 47%, constituting 45% of total revenue.

Reported Group revenue increased by 56% to DKK 1,296 million.

SteelSeries, a leader in gaming peripherals focused on quality, innovation and functionality, today published its financial results for first half of 2021.

Steelseries gg not opening 2021