Corsair Gaming Q3 revenue falls 16.2% to $304.2 million; net loss $58.4 million; EBITDA outlook cut
Corsair reported third-quarter 2024 net revenue of $304.2 million, down 16.2% from $363.2 million a year earlier, and a net loss attributable to common shareholders of $58.4 million, or $0.56 per diluted share, including a $32.5 million non-cash valuation allowance charge on deferred tax assets. The company lowered its full-year 2024 adjusted EBITDA outlook to $40 million to $55 million from $60 million to $75 million, while reiterating its revenue expectation of $1.25 billion to $1.35 billion.
Key points
- Net revenue was $304.2 million vs. $363.2 million a year earlier; Gaming Components and Systems fell to $202.2 million from $272.8 million, while Gamer and Creator Peripherals rose to $102.0 million from $90.4 million.
- Adjusted net loss was $30.3 million, or $0.29 per diluted share, vs. adjusted net income of $13.4 million, or $0.13 per diluted share, in Q3 2023.
- Adjusted EBITDA was $4.8 million vs. $23.0 million in Q3 2023.
- Adjusted operating income outlook for 2024 is $28 million to $43 million, down from $48 million to $63 million; adjusted EBITDA outlook is $40 million to $55 million, down from $60 million to $75 million.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.