Corsair's Q1 2023 results showed a decrease in net revenue to $354.0 million from $380.7 million in Q1 2022. However, the company improved its adjusted EBITDA by 33% year-over-year, reaching $20.6 million. The gaming components and systems segment grew, while the gamer and creator peripherals segment declined. Corsair is maintaining its full-year outlook for revenue and expects improved adjusted EBITDA.
Net revenue decreased to $354.0 million compared to $380.7 million in the first quarter of 2022.
Gaming components and systems segment net revenue increased to $265.0 million from $246.5 million year-over-year.
Gamer and creator peripherals segment net revenue decreased to $88.9 million from $134.1 million year-over-year.
Adjusted EBITDA increased to $20.6 million, a 33% improvement compared to $15.4 million in the first quarter of 2022.
Corsair reiterated its outlook for the full year 2023, expecting revenue to be flat to slightly up compared to 2022, with an improvement in adjusted EBITDA.
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