Corsair Gaming, Inc. ( (CRSR) ) has released its Q4 earnings. Here is a breakdown of the information Corsair Gaming, Inc. presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Corsair Gaming, Inc., a leader in high-performance products for gamers, streamers, content creators, and gaming PC builders, has released its financial results for the fourth quarter and full year of 2024. The company operates in the gaming and technology sector, providing innovative solutions that enhance user experiences across various platforms.
Corsair Gaming reported solid fourth-quarter performance with a net revenue of $413.6 million, slightly down from the previous year. Despite this, the company saw significant year-on-year growth in its Gamer and Creator Peripherals segment, partly fueled by the acquisition of Fanatec. However, the overall net income saw a decline, attributed to strategic investments and market conditions.
The key financial metrics for the year included a total net revenue of $1,316.4 million and an adjusted EBITDA of $54.7 million. The Gamer and Creator Peripherals segment showed substantial growth, with margins exceeding those of the Gaming Components and Systems segment. The company’s strategic acquisitions, including Fanatec and enhanced investment in Elgato, are expected to drive future growth.
Looking ahead, Corsair Gaming’s management is optimistic about 2025, anticipating a rebound in demand due to new high-performance GPU launches and continued investments in innovation. The company projects net revenue to range between $1.4 billion and $1.6 billion, with an improvement in adjusted EBITDA and operating income, signaling potential growth and value creation for shareholders.
