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Dec 31, 2024
Corsair Q4 2024 Earnings Report
Corsair reported solid Q4 2024 revenue and EBITDA results, driven by strong year-over-year growth in the Gaming and Creator segment.
Key Takeaways
Corsair Gaming, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. The company reported net revenue of $413.6 million for Q4 2024, with a net income of $1.3 million. Adjusted EBITDA for the quarter was $33.1 million. For the full year 2024, net revenue was $1,316.4 million, and the company reported a net loss of $99.2 million.
Net revenue for Q4 2024 was $413.6 million, slightly down from $417.3 million in Q4 2023.
Gamer and Creator Peripherals segment revenue grew significantly to $169.6 million in Q4 2024, up from $136.8 million in Q4 2023.
Net income attributable to common shareholders was $1.3 million ($0.01 per diluted share) in Q4 2024.
Adjusted EBITDA for Q4 2024 was $33.1 million, compared to $33.7 million in Q4 2023.
Revenue by Segment
Forward Guidance
For the full year 2025, Corsair expects revenue growth and an improvement in adjusted EBITDA, driven by improved margins and a rebound in demand for high-performance gear.
Positive Outlook
- Net revenue is expected to be in the range of $1.4 billion to $1.6 billion.
- Adjusted operating income is expected to be in the range of $67 million to $87 million.
- Adjusted EBITDA is expected to be in the range of $80 million to $100 million.
- Expectations for continued growth in the Gamer and Creator Peripherals segment.
- Anticipated rebound in the component business in the first half of 2025 with new GPU cards shipping in volume.
Challenges Ahead
- Certain non-GAAP measures in the financial outlook were not reconciled to GAAP measures due to the forward-looking basis.
- Inability to predict with reasonable certainty the type and extent of certain items that would impact GAAP measures.
- Such items may include stock-based compensation charges, amortization, and other items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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