Corsair Gaming reported a decrease in net revenue for Q2 2024, primarily due to a decline in the self-built PC market affecting the Gaming Components and Systems segment. However, the Gamer and Creator Peripherals segment experienced significant growth. The company is implementing cost-saving measures and expects revenue to improve in the second half of the year.
Net revenue decreased by 19.7% to $261.3 million compared to Q2 2023.
Gaming Components and Systems segment revenue declined, while Gamer and Creator Peripherals segment revenue increased by 19.6%.
Net loss attributable to common shareholders was $29.6 million, or a loss of $0.28 per diluted share.
Adjusted EBITDA was a loss of $1.2 million, compared to a profit of $17.8 million in Q2 2023.
Corsair expects revenue to improve through 2024, with further improvement in adjusted EBITDA led by an additional improvement in margin, stabilized shipping costs and continued tight operating expense controls.
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