Corsair Gaming Inc

Latest Results (15.10.2025):

Corsair Gaming Inc. reported its financial results for the fourth quarter and full year of 2024, demonstrating solid revenue performance and steady EBITDA growth. The company experienced strong year-over-year growth in its Gamer and Creator segment, while facing anticipated softness in component sales due to upcoming GPU releases.

Fourth Quarter 2024 Highlights

Net Revenue: Corsair achieved net revenue of $413.6 million in Q4 2024, slightly below the $417.3 million reported in Q4 2023. Growth was driven by the Gamer and Creator Peripherals segment, which saw revenues increase to $169.6 million from $136.8 million, partly due to the recent acquisition of Fanatec.

Net Income: Net income attributable to common shareholders was $1.3 million, or $0.01 per diluted share, compared to $6.2 million, or $0.06 per diluted share, in Q4 2023.

Adjusted EBITDA: Adjusted EBITDA for Q4 2024 was $33.1 million, slightly down from $33.7 million in the same period last year.

Cash Position: The company maintained a strong cash position with $109.6 million in cash and restricted cash as of December 31, 2024.

Full Year 2024 Highlights

Annual Net Revenue: For the full year 2024, Corsair reported net revenue of $1,316.4 million, a decrease from $1,459.9 million in 2023. The Gamer and Creator Peripherals segment grew to $472.7 million from $394.9 million, while Gaming Components and Systems segment revenues declined to $843.7 million from $1,065.0 million.

Net Loss: The company reported a net loss of $99.2 million, or $0.95 per diluted share, for 2024, compared to a net income of $3.2 million, or $0.03 per diluted share, in 2023.

Adjusted EBITDA: Adjusted EBITDA for the full year 2024 was $54.7 million, down from $95.1 million in 2023.

Outlook for 2025

Corsair is optimistic about 2025, expecting revenue to range between $1.4 billion and $1.6 billion. The company anticipates adjusted EBITDA to increase significantly, with projections between $80 million and $100 million, driven by new GPU launches and strategic acquisitions.

Recent Developments

The company highlighted several recent achievements, including the selection of its K65 Wireless keyboard and M75 Gaming mouse by Apple, the integration of NVIDIA GeForce RTX 50 Series graphics in VENGEANCE Gaming PCs, and innovative product launches showcased at CES 2025. Additionally, Corsair's Fanatec division introduced the ClubSport GT Cockpit, enhancing its position in the sim racing market.