Welcome to our dedicated page for Corsair Gaming news (Ticker: CRSR), a resource for investors and traders seeking the latest updates and insights on Corsair Gaming stock.
Corsair Gaming, Inc. (NASDAQ: CRSR) is a leading provider of high-performance gear and technology for gamers, content creators, and PC enthusiasts. Founded in 1994, Corsair has grown from pioneering the high-performance DRAM market to becoming one of the world's top providers of enthusiast-grade PC components and peripherals.
Under the Corsair brand, the company offers a diverse product portfolio that includes PC cases, gaming keyboards, mice, headsets, power supplies, gaming computers, gaming chairs, mousepads, and other related accessories. These products are designed to meet the demands of both esports professionals and casual gamers, providing the best gaming experience through cutting-edge technology and innovation.
Corsair operates through two main segments: Gamer and Creator Peripherals and Gaming Components and Systems. The Gamer and Creator Peripherals segment includes products like keyboards, mice, and headsets, which are significant revenue drivers for the company. The Gaming Components and Systems segment encompasses PC components such as memory, power supplies, and cooling solutions.
Corsair's commitment to quality and innovation is evidenced by its continuous investment in research and development. The company has forged strategic partnerships with industry leaders to stay ahead in the ever-evolving tech landscape. The result is a range of products that not only meet but often exceed the expectations of the gaming community.
Financially, Corsair has shown strong performance, driven by growing demand for gaming gear and peripherals. The company derives its revenue from several key regions, including the Americas, Europe and the Middle East, and the Asia Pacific, ensuring a broad market presence.
Among its recent achievements, Corsair has introduced groundbreaking products that have set new benchmarks in the industry. The company continues to expand its product line to cater to the evolving needs of gamers and content creators, aiming to deliver unmatched consumer experiences.
Corsair's vision is not just to cater to the present needs but also to anticipate future trends and demands. With a dedicated team of builders, creators, and gamers, Corsair is more than just a tech company; it's a community of enthusiasts striving to achieve excellence in every product it offers. For the latest news and updates about Corsair Gaming, Inc., stay tuned to our page.
Corsair Gaming (Nasdaq: CRSR) announced that its Elgato Stream Deck Studio won the prestigious Best of Show Award at ISE 2025, the leading professional AV and broadcast exhibition. Recognized for its innovation in live production control, the Stream Deck Studio is setting a new standard for efficiency and ease of use in the broadcast industry.
The Stream Deck product line offers customizable control devices with programmable buttons, catering to broadcasters, content creators, and office workers. The rack-mounted Stream Deck Studio, paired with Buttons software based on Bitfocus' Companion, enhances broadcast workflow and control room operations at a lower cost.
Andy Paul, CEO of Corsair, highlighted the success of the Elgato business, stating that the Stream Deck product line has created a new market category. Julian Fest, General Manager of Elgato, emphasized the product's impact on professional broadcast workflows, offering broadcasters more flexibility and precision.
Corsair Gaming (NASDAQ: CRSR) announced that Founder and CEO Andy Paul will retire effective July 1, 2025, with current President and COO Thi La appointed as the next CEO. La, who joined Corsair in 2010, has been instrumental in growing the company from $300 million to its current size, expanding from DIY components to 30 different product lines.
La has served as COO since 2013 and President since 2021, previously holding positions at Opnext and HP. Under Paul and La's leadership, Corsair evolved from a hardware-focused company to a diverse gaming enterprise, recently acquiring Fanatec. Paul founded Corsair in 1994 with three other engineers, initially focusing on gaming hardware like overclocking memory and DIY components.
Corsair Gaming (CRSR) reported Q4 2024 financial results with net revenue of $413.6 million, slightly down from $417.3 million in Q4 2023. The Gamer and Creator Peripherals segment showed strong growth at $169.6 million (up from $136.8 million), while Gaming Components declined to $244.1 million (from $280.5 million).
Q4 net income was $1.3 million ($0.01 per share), compared to $6.2 million ($0.06 per share) in Q4 2023. For full-year 2024, the company reported a net loss of $99.2 million on revenue of $1,316.4 million.
Looking ahead to 2025, Corsair provided guidance of $1.4-1.6 billion in revenue and adjusted EBITDA of $80-100 million, representing a 60% increase at midpoint. The company highlighted its recent Fanatec acquisition performance and selection by Apple for retail stores as key developments.
Corsair (NASDAQ: CRSR) has achieved significant recognition in the gaming peripherals industry, securing a position in PC Mag's Best Brands Index Top 10 with the highest Net Promoter Score among top 25 gaming peripheral brands. The company's K65 WL keyboard has won the Best Keyboard Award for 2025 from both The New York Times' Wirecutter and PC World.
In a notable development, Apple has selected Corsair as a peripheral partner, choosing the K65 Wireless keyboard and M75 Gaming mouse as preferred gaming devices for Mac users. These products will be available in Apple stores, as well as through major online retailers and selected resellers for both PC and Mac platforms.
According to Thi La, Corsair's President and COO, this recognition validates their product quality and opens new opportunities to reach a broader audience, while demonstrating their commitment to innovation and excellence in the gaming industry.
Corsair Gaming (NASDAQ: CRSR) has announced it will release its fourth quarter and full year 2024 financial results after the Nasdaq market close on Wednesday, February 12, 2025. The company's management will host a conference call to discuss the results at 2:00 p.m. Pacific Time on the same day.
Investors can access the conference call through Corsair's Investor Relations website or by dialing dedicated U.S. and International phone numbers. A replay of the call will be available approximately 3 hours after the live call ends, accessible through the company's IR website or via phone until February 19, 2025.
CORSAIR (NASDAQ: CRSR) has announced at CES 2025 that its latest systems, including CORSAIR and ORIGIN PC computers equipped with NVIDIA GeForce RTX 50 Series GPUs, will fully support NVIDIA NIM microservices later in 2025. The integration includes systems like CORSAIR VENGEANCE Gaming PCs and ORIGIN PC NEURON, GENESIS, and new ARACHNID models.
Powered by NVIDIA Blackwell, these systems will feature enhanced AI capabilities through NVIDIA DLSS 4, enabling faster image generation and improved graphics fidelity. The NVIDIA NIM microservices offer pre-packaged, single-click installation solutions for AI applications across language, vision, speech, animation, and content generation domains.
This integration aims to make professional-grade AI capabilities more accessible to enthusiasts and developers, enabling local deployment of AI technologies for real-time collaboration, personalized AI assistants, and advanced creative workflows.
Corsair Gaming (NASDAQ: CRSR), a leading provider of high-performance gaming gear, announced its participation in the Barclays 22nd Annual Global Technology Conference at The Palace Hotel, San Francisco. The company will host a live fireside webcast on December 11, 2024, at 8:40 a.m. Pacific Time, accessible through their Investor Relations website. Michael G. Potter, CFO, and Ronald van Veen, VP Finance and Investor Relations, will be available for one-on-one and small group meetings with institutional investors during the conference.
CORSAIR (CRSR) has announced exclusive Mac versions of its K65 PLUS WIRELESS keyboard and M75 WIRELESS mouse in Glacier Blue and Frost colors. The K65 PLUS WIRELESS features pre-lubricated MLX Red v2 linear switches, sound dampening, and up to 266 hours of battery life. The M75 WIRELESS mouse weighs 89g, includes a 26K DPI MARKSMAN optical sensor, and features two-zone RGB lighting. Both products are available immediately through Apple Store Online, with the Frost variant currently in U.S. Apple Store locations and Glacier Blue coming soon. Both devices come with a two-year warranty and are compatible with macOS and iPadOS.
Corsair Gaming (NASDAQ: CRSR) has announced its participation in the 2024 UBS Global Technology Conference at The Phoenician Hotel in Scottsdale, Arizona. Michael G. Potter, Chief Financial Officer, and Ronald van Veen, Vice-President Finance, Investor Relations, will represent the gaming gear provider at the event. They will be available on December 3 and 4, 2024, to conduct one-on-one and small group meetings with institutional investors.
Corsair Gaming (CRSR) reported Q3 2024 financial results with net revenue of $304.2 million, down 16.2% from Q3 2023. The Gaming Components segment declined to $202.2 million, while Gamer and Creator Peripherals grew to $102.0 million. The company reported a net loss of $58.4 million ($0.56 per share), including a $32.5 million non-cash charge. Adjusted EBITDA was $4.8 million compared to $23.0 million in Q3 2023.
The company maintains its full-year 2024 revenue guidance of $1.25-1.35 billion but revised down its adjusted EBITDA outlook to $40-55 million from previous $60-75 million. The recent Fanatec acquisition is expected to contribute approximately $20 million in EBITDA-neutral revenue in Q4 2024.
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