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Mar 31, 2021
Corsair Q1 2021 Earnings Report
Reported record revenue and profit, and raised full-year guidance.
Key Takeaways
Corsair Gaming, Inc. reported a record first quarter with net revenue of $529.4 million, a 71.6% year-over-year increase. The company raised its full-year 2021 guidance for net revenue, adjusted operating income, and adjusted EBITDA.
Net revenue was $529.4 million, an increase of 71.6% year-over-year.
Gamer and creator peripherals segment net revenue was $175.9 million, an increase of 131.9% year-over-year.
Gaming components and systems segment net revenue was $353.5 million, an increase of 51.9% year-over-year.
Net income was $46.7 million, or $0.47 per diluted share.
Revenue by Segment
Forward Guidance
The Company is updating guidance for the full-year 2021 as indicated below:
Positive Outlook
- Raising net revenue to be in the range of $1.9 billion to $2.1 billion from $1.8 billion to $1.95 billion.
- Raising adjusted operating income to be in the range of $235 million to $255 million from $205 million to $220 million.
- Raising adjusted EBITDA to be in the range of $245 million to $265 million from $215 million to $230 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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