Corsair Gaming, Inc. announced preliminary financial results for Q4 2020, featuring a 70.4% year-over-year increase in net revenue to $556.3 million. The company also reported a significant rise in gross profit, operating income, and net income, with adjusted EBITDA margin improving by 430 basis points year-over-year.
Net revenue increased by 70.4% year-over-year, reaching $556.3 million.
Gamer and creator peripherals segment net revenue increased 104.0% year-over-year to $191.8 million.
Gaming components and systems segment net revenue increased 56.8% year-over-year to $364.5 million.
Net income was $43.0 million, or $0.43 per diluted share, compared to $6.0 million, or $0.08 per diluted share, in the same period a year ago.
For the full year 2021, Corsair expects net revenue to be in the range of $1.8 billion to $1.95 billion, adjusted operating income to be in the range of $205 million to $220 million, and adjusted EBITDA to be in the range of $215 million to $230 million.
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