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. (CRSR) delivers high-performance gaming gear and PC components for enthusiasts and professionals worldwide. This news hub provides investors and industry observers with timely updates on corporate developments, product innovations, and market strategies.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Track updates across key operational areas including product launches, partnership agreements, and financial performance without promotional commentary.
Our curated collection features essential updates for informed decision-making, including regulatory filings, leadership changes, and technology advancements. Content is organized chronologically to maintain context while highlighting material developments.
Bookmark this page for streamlined access to CRSR's latest business updates. Combine regular monitoring with professional financial analysis when evaluating the company's market position and growth trajectory.
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.
Corsair Gaming (Nasdaq: CRSR) announced it will release its Q3 2024 financial results after Nasdaq market close on November 6, 2024. The company will host a conference call at 2:00 p.m. Pacific Time the same day to discuss the results and financial outlook. Investors can access the call through Corsair's IR website or by phone. A replay will be available for one week after the call through November 13, 2024.
CORSAIR (Nasdaq: CRSR) introduces the VIRTUOSO MAX gaming headset, available for both PC and Xbox. Key features include:
- 50mm Graphene drivers for clear, precise audio
- Dolby Atmos® spatial audio for immersive sound
- Active noise cancellation
- Sonarworks SoundID for personalized audio profiles
- Broadcast-grade omni-directional microphone
- Up to 60 hours of battery life
- 2.4GHz wireless and Bluetooth® connectivity
The headset offers comfort-driven design with memory foam ear cushions and a durable metal build. It's available immediately from CORSAIR's Webstore and soon from authorized retailers, backed by a two-year warranty.
CORSAIR (CRSR) has launched a multi-year, cross-brand collaboration with the Call of Duty franchise, introducing high-performance products across multiple categories. The partnership includes CORSAIR, Drop, Elgato, ORIGIN PC, and SCUF Gaming.
Key products released for Call of Duty: Black Ops 6 include:
- CORSAIR HS80 RGB WIRELESS gaming headset
- K65 PLUS WIRELESS gaming keyboard
- M75 WIRELESS gaming mouse
- VENGEANCE SERIES gaming PCs
- SCUF Gaming controllers for various platforms
- Elgato streaming equipment
- ORIGIN PC NEURON and EON16-X gaming PCs
These products feature custom Black Ops 6-themed aesthetics and are designed to enhance the gaming experience with cutting-edge hardware and superior build quality.
Corsair (CRSR) has completed the acquisition of the Fanatec Sim Racing brand from Endor AG, creating a leading end-to-end premium Sim Racing product line. The acquisition includes all associated personnel and assets. Fanatec is renowned for its high-quality force feedback steering wheels, wheelbases, pedals, shifters, and accessories for PlayStation, Xbox, and PC-based racing simulators.
Fanatec's product line complements Corsair's existing offerings in Sim Racing chassis, Gaming PCs, peripherals, and monitors. Endor reported Fanatec's 2023 product sales at approximately $110 million (unaudited). The Sim Racing components market is estimated at $1 billion with an expected 20% annual growth rate. Corsair aims to leverage its global sales network and supply chain to drive revenue growth and increase margins for the Fanatec product line.
CORSAIR (NASDAQ:CRSR) has announced an exclusive multi-year partnership with the Call of Duty® franchise. This collaboration will span across multiple CORSAIR product categories, including Drop, Elgato, ORIGIN PC, and SCUF Gaming. The partnership will debut with the launch of Call of Duty®: Black Ops 6 on October 25.
The integration aims to provide a complete and immersive experience for Call of Duty players across all platforms - PC, console, and mobile. The partnership will be showcased at TwitchCon in San Diego from September 20-22, 2024, where fans can see officially licensed CORSAIR products on display for the first time.
Andy Paul, Founder and CEO of CORSAIR, expressed enthusiasm about the collaboration, emphasizing the perfect fit between the two world-class brands. Will Gahagan, Senior Director of Partnerships at Activision, highlighted the partnership's potential to enhance the gaming experience for Call of Duty players.
Corsair (NASDAQ: CRSR) has announced the acquisition of the Fanatec Sim Racing brand from Endor AG, expected to close within the week. Fanatec, based in Landshut, Germany, produces high-end racing simulator accessories for PlayStation, Xbox, and PC. The brand reported approximately $110 million in product sales for 2023 (unaudited).
This strategic move accelerates Corsair's investment in the rapidly growing Sim Racing market, estimated at $1 billion with a 20% annual growth rate. Corsair plans to leverage its supply chain and logistics network to reduce operating costs and improve customer service. The company intends to maintain Fanatec's core business in Landshut while expanding its product development capabilities.
Elgato, a CORSAIR brand (NASDAQ: CRSR), has launched Stream Deck Studio, expanding its popular Stream Deck product line to professional broadcasters. Developed in collaboration with Bitfocus, this new offering features a 19-inch console with 32 customizable LCD keys and two rotary dials, designed for seamless integration into studio racks.
The device runs on Bitfocus' Companion software, with their latest Buttons software offering advanced functionalities. Priced at $899.99, Stream Deck Studio aims to streamline broadcast operations, offering complete customizability, intuitive design, and support for both legacy and modern protocols. This launch represents Elgato's strategic move to expand its addressable market in the professional broadcast sector.
Corsair Gaming (CRSR) reported Q2 2024 financial results, showing a 19.7% decrease in net revenue to $261.3 million compared to Q2 2023. The company experienced a net loss of $29.6 million, or $0.28 per diluted share. Adjusted EBITDA was a loss of $1.2 million. The Gaming Components and Systems segment saw a significant decline, while the Gamer and Creator Peripherals segment grew by 19.6% year-over-year.
CEO Andy Paul attributed the disappointing results to a softer-than-expected self-built PC market. The company expects a market refresh cycle to start later than initially anticipated, likely influenced by upcoming GPU launches and game releases. Corsair updated its 2024 outlook, projecting net revenue between $1.25 billion to $1.35 billion and adjusted EBITDA of $60 million to $75 million.
