US gaming graphics card industry giant Nvidia has publicly released its official fourth quarter (Q4) and annual performance results for 2018, with poor crypto market performance blamed for blemishing its otherwise spectacular business year.

According to the company’s official report (Feb 14), total revenue for 2018 achieved $11.72 billion, surging 21% from a year earlier. Cointelegraph noted that Nvidia’s  growth was fueled by product sales for its gaming, data centers, professional visualization, and automotive lines scoring all-time highs.

But a weak year-end eroded some of its success – Nvidia was down 24% in Q4 compared to the year prior, and down 31% compared to the previous quarter.

“This was a turbulent close to what had been a great year. The combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing quarter,” commented Nvidia CEO Jensen Huang.

For its next fiscal year, Nvidia said it expects revenue to be “flat to down slightly”, although Huang reassured that the company “fully expect[s] to return to sustained growth”.

The public has since reacted positively to Nvidia’s report, with its stock value rallying 8% last week on the news.

Just earlier this month, an industry research report by RBC Capital Markets alleged that Nvidia had under-reported its crypto and blockchain related earnings for 2017-2018 by as much as $1.35 billion.