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MILPITAS, Calif. - Corsair Gaming, Inc. (NASDAQ:CRSR) shares jumped 3.6% Wednesday after the gaming peripherals maker reported better-than-expected fourth quarter revenue and issued an optimistic forecast for 2025.
The company posted Q4 revenue of $413.6 million, surpassing analyst estimates of $396.89 million. Revenue was down slightly from $417.3 million in the same quarter last year. Adjusted earnings per share came in at $0.23, just below the $0.24 consensus estimate.
Corsair’s Gamer and Creator Peripherals segment saw strong growth, with revenue rising to $169.6 million compared to $136.8 million a year ago. However, the Gaming Components and Systems segment revenue declined to $244.1 million from $280.5 million.
"We closed on a strong note, exceeding Q4 expectations for revenue and adjusted EBITDA after a challenging year," said CEO Andy Paul. He noted particular strength in stream deck and other Elgato products.
Looking ahead, Corsair provided an upbeat outlook for 2025, projecting full-year revenue between $1.4 billion and $1.6 billion. The company expects adjusted EBITDA of $80 million to $100 million.
"We’re very optimistic about the future, backed by our continued investments in innovation, strategic acquisitions, and market expansion," Paul added.
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