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Corsair Gaming (CRSR)
NASDAQ:CRSR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 18.11%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong quarterly performance and positive outlook for 2025, driven by successful acquisitions and product lines. However, there were notable declines in certain revenue segments and overall yearly financial metrics. The sentiment is balanced with both positive growth prospects and challenges.Company Guidance
During Corsair Gaming's fourth quarter and full year 2024 earnings call, the guidance for 2025 highlighted several key metrics and strategic initiatives. The company expects total revenue to range between $1.4 billion and $1.6 billion, with adjusted operating income anticipated between $67 million and $87 million, and adjusted EBITDA projected to be between $80 million and $100 million. These projections are supported by expected growth in the gaming and creator peripherals segment, which showed a year-on-year increase of 20% in 2024, and the integration of the Fanatec sim racing business, which is expected to drive positive revenue and EBITDA contributions. Corsair also announced plans to continue investing in innovation, reducing operating costs, and strategically expanding their portfolio. The company anticipates every quarter in 2025 to outperform those of 2024, with the most significant year-over-year improvement expected in Q2, primarily due to new NVIDIA GPU launches.Strong Quarterly Revenue
Corsair reported a solid quarterly revenue number of $414 million and adjusted EBITDA at $33 million, indicating robust financial performance in Q4.
Fanatec Acquisition Success
The integration of the Fanatec sim racing company is seen as a positive revenue and EBITDA driver, with strong enthusiasm from customers and the racing ecosystem.
Growth in Gaming and Creator Peripherals
The Gamer and Creator Peripherals segment showed growth with $169.6 million in Q4 2024 revenue, up from $136.8 million in Q4 2023.
Elgato Product Line Success
Elgato's Stream Deck product line has formed a new market category, contributing significantly to Corsair's growth with innovative AI features.
Positive Outlook for 2025
Corsair expects revenue growth in 2025 with an improvement in adjusted EBITDA, driven by new GPU launches and a rebound in demand for high-performance gear.
Strong Gross Profit Margins
Overall gross profit in Q4 was $108.2 million, with a gross margin increase to 26.2% from 24.6% in Q4 2023, reflecting strong performance in the Gamer and Creator Peripherals segment.
Leadership Transition
Andy Paul's retirement after 31 years and Thi La's transition to CEO is seen as a smooth transition to continue Corsair's growth trajectory.
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CRSR Earnings History
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 |
|---|---|---|---|
| Feb 12, 2025 | $9.94 | $12.51 | +25.86% |
| 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% |
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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FAQ
When does Corsair Gaming (CRSR) report earnings?
Corsair Gaming (CRSR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Corsair Gaming (CRSR) earnings time?
Corsair Gaming (CRSR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRSR EPS forecast?
CRSR EPS forecast for the fiscal quarter 2025 (Q1) is 0.12.
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