The earnings call presented a mixed picture: strong growth in peripherals and strategic partnerships were overshadowed by declines in revenue, gross margins, and a significant net loss. Positive future expectations are noted, but current financial metrics indicate caution.

Company Guidance

During Corsair Gaming's Q3 2024 earnings call, the company provided guidance indicating a positive outlook for 2025, driven by anticipated industry developments and strategic initiatives. The company expects revenue for the full year 2024 to be between $1.25 billion and $1.35 billion, including approximately $20 million from the recent Fanatec acquisition. Despite a challenging Q3, with net revenue of $304.2 million and an adjusted EBITDA of $4.8 million, Corsair remains optimistic. The company anticipates a surge in high-end gaming PC sales in early 2025, coinciding with the expected launch of NVIDIA's new GPU series. Additionally, Corsair plans to leverage its growing peripherals segment, which showed a 17% year-to-date growth, to drive higher margins and profitability. The company also highlighted its strategic acquisition of Fanatec and the potential for growth in the Sim Racing market, which is estimated to be around $1 billion. With improved consumer spending, record Amazon Prime Day sales, and strategic partnerships, Corsair is poised for a rebound, projecting adjusted operating income and EBITDA for 2024 to range from $28 million to $43 million and $40 million to $55 million, respectively.

Peripheral Sales Growth

Year-to-date, Corsair has shown 17% growth in peripheral sales, well above recent TAM growth.

Call of Duty: Black Ops 6 Partnership

Corsair was selected as the exclusive launch partner for Activision's Call of Duty: Black Ops 6, marking a significant marketing collaboration.

Record Amazon Prime Day

Corsair experienced record sales during Amazon Prime Day, leading the gaming space in terms of growth.

Fanatec Acquisition

Corsair completed the acquisition of Fanatec, anticipated to add approximately $20 million to Q4 2024 revenue.

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Corsair Gaming (CRSR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CRSR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2025	2024 (Q4)	0.17 / -	0.22	―	―	―
Nov 06, 2024	2024 (Q3)	0.07 / -0.29	0.13	-323.08% (-0.42)
Aug 01, 2024	2024 (Q2)	0.02 / -0.07	0.09	-177.78% (-0.16)
May 07, 2024	2024 (Q1)	0.14 / 0.09	0.11	-18.18% (-0.02)
Feb 13, 2024	2023 (Q4)	0.25 / 0.22	0.2	10.00% (+0.02)
Nov 07, 2023	2023 (Q3)	0.14 / 0.13	0.08	62.50% (+0.05)
Aug 03, 2023	2023 (Q2)	0.09 / 0.09	-0.2	145.00% (+0.29)
May 10, 2023	2023 (Q1)	0.10 / 0.11	0.09	22.22% (+0.02)
Feb 09, 2023	2022 (Q4)	0.16 / 0.20	0.35	-42.86% (-0.15)
Nov 03, 2022	2022 (Q3)	0.05 / 0.08	0.16	-50.00% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CRSR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$7.12	$6.85	-3.79%
Aug 01, 2024	$7.89	$6.41	-18.76%
May 07, 2024	$11.76	$10.79	-8.25%
Feb 13, 2024	$12.82	$13.74	+7.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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