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.
Opera GX, the first browser designed specifically for gamers, has integrated CORSAIR's iCUE software, enabling dynamic interaction between the browser and CORSAIR gear. Users can customize their devices with unique effects triggered by various browser actions, enhancing the gaming experience. The recent update allows users to select from preset animations or import GIFs for personalized effects. With features like resource management tools and a dedicated Discord server, Opera GX aims to tailor the online experience for millions of gamers worldwide.
Corsair Gaming (NASDAQ:CRSR) announces the continuation of its partnership with Ubisoft for the integration of immersive RGB lighting effects in its iCUE devices with the launch of Far Cry 6 on October 7, 2021. This integration enhances gaming experiences by syncing lighting with in-game events. Corsair plans to bundle digital copies of Far Cry 6 with the purchase of eligible iCUE-compatible products. The partnership aims to elevate player immersion, building on successful integrations from previous titles like Far Cry 5.
Corsair Gaming has successfully refinanced its 2017 credit facilities with a new $350 million credit facility, which includes a $250 million term loan and a $100 million revolving line-of-credit, maturing in 2026. This refinancing is expected to save the company over $10 million in cash interest expenses from Q3 2021 through 2022. The interest rate on the new loan is significantly reduced to LIBOR plus 1.25%, down from the previous 4.75%. This move aims to strengthen Corsair's financial position and provide additional growth capital for future initiatives.
CORSAIR (NASDAQ:CRSR) has launched the HS80 RGB WIRELESS Gaming Headset, featuring industry-leading SLIPSTREAM WIRELESS technology for PC and console gamers. This headset offers 24bit audio, up to 60ft wireless range, and compatibility with PS5's Tempest 3D AudioTech. It includes a floating headband design for comfort, 20 hours of battery life, and a broadcast-grade microphone. The product is now available with a two-year warranty from CORSAIR's webstore and authorized retailers.
SCUF Gaming and Corsair Gaming have launched the SCUF Instinct and Instinct Pro controllers designed for Xbox Series X|S. These controllers feature a new ergonomic design with four programmable back paddles, adjustable Instant Triggers, and extensive customization options. The Instinct Pro includes high-performance grip and immediate trigger action, ideal for fast-paced games. Both versions are priced at $169.99 and $199.99, respectively, and are available on SCUF's website.
Corsair Gaming, Inc. (NASDAQ:CRSR) reported a record second quarter for 2021, achieving $472.9 million in net revenue, a 24.3% increase year-over-year. Key segments include gamer and creator peripherals with $155.2 million in revenue (+40.9%) and gaming components at $317.7 million (+17.6%). Gross profit reached $130.4 million, a 24.1% rise, while net income rose to $27.7 million, or $0.28 per diluted share. Despite strong results, operating income decreased 4.7%. The company anticipates full-year revenue between $1.9 billion and $2.1 billion.
Corsair Gaming, Inc. (NASDAQ:CRSR), a leading provider of high-performance gaming gear, has announced its second quarter 2021 earnings release date as August 3, 2021, before market open. A conference call will follow at 5:30 AM PT to discuss the results. Additionally, CEO Andy Paul and CFO Michael G. Potter will present at the Cowen Internet & Media Virtual Bus Tour on August 12, 2021. Corsair continues to innovate in gear for gamers and content creators across various brands including Elgato and SCUF Gaming.
Corsair Gaming, Inc. (NASDAQ:CRSR) announced the launch of Elgato's Facecam, a professional-grade webcam capturing video in Full HD 1080p60. Featuring a Sony Starvis image sensor for exceptional indoor lighting performance, it offers optimized fixed focus and a wide field of view. Alongside Facecam, Corsair introduced several new products, including the Wave XLR microphone interface and an updated Stream Deck with customizable features. All products are available immediately with a two-year warranty, enhancing options for streamers and content creators.
Corsair Gaming has launched the 7000 Series full-tower ATX cases, the 7000D AIRFLOW and 7000X RGB, designed for ambitious PC builders. Both models accommodate massive cooling setups with space for up to three 360mm radiators. The 7000D features a high-airflow front panel, while the 7000X showcases tempered glass for aesthetics. Additionally, the new H170i ELITE CAPELLIX Liquid CPU Cooler offers extreme cooling performance with a 420mm radiator and customizable RGB lighting. All products are available immediately with warranties of two and five years, respectively.
Elgato, in partnership with Corsair Gaming (NASDAQ:CRSR), has launched Stream Deck 5.0, a significant update providing users with the new Stream Deck Store. This platform offers a plethora of digital assets including plugins, icon packs, royalty-free music, and sound effects, enhancing the overall streaming experience. The update is readily available for free to all current Stream Deck owners. The new features aim to empower content creators by offering tools to boost production values and streamline workflows, making it easier to integrate applications and manage streams effectively.
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