Corsair Gaming's 2024 revenue falls 9.8% to $1.32 billion, with an $85.18 million net loss for shareholders

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Corsair Gaming reported revenue of $1.32 billion for the year from Jan 1 to Dec 31, 2024, down 9.8% from $1.46 billion in 2023. The figures come from its 10-K, the annual report US-listed companies file with the Securities and Exchange Commission; Corsair filed it on Feb 26, 2025. It had an operating loss of $49.95 million, against operating income of $9.69 million a year earlier. The net loss attributable to Corsair's shareholders was $85.18 million, against $2.59 million a year earlier, and the consolidated net loss, which also counts the share of subsidiaries that outside owners hold (non-controlling interests), was $83.39 million, against $1.04 million.1^,2^,3^,4^,5^,6^,7^,8^,9^,10

The loss was $0.95 per diluted share, against earnings of $0.03 a share a year earlier, and the company says those per-share figures rest on a loss of $99.2 million attributable to common shareholders, against income of $3.2 million. The difference from the $85.18 million is the change in the redemption value of a redeemable non-controlling interest (an outside owner's stake that carries an option to sell it to Corsair), which lowered the result for common stockholders by $13.994 million in 2024 and raised it by $5.777 million the year before. That interest is the 19% of Elgato iDisplay Holdings that Corsair did not own at the end of 2024. Corsair booked income tax expense of $21.74 million on a pre-tax loss of $61.66 million, against a tax benefit of $2.44 million a year earlier, and attributes the change in its effective tax rate mainly to the mix of income and losses across tax jurisdictions and a valuation allowance against its US deferred tax assets.11^,12^,13^,7^,8^,14^,15^,16^,17^,18

Gaming Components and Systems revenue, which includes power supplies, cooling, cases, memory modules and gaming PCs, fell 20.8% to $843.65 million from $1.06 billion. Corsair ties that to a flat-to-low self-built PC market while new graphics processors (GPUs) were mid-cycle, and to a downward adjustment of inventory at its channel partners. Gamer and Creator Peripherals revenue rose 19.7% to $472.73 million from $394.88 million, which it credits to new products, higher demand and the Drop and Fanatec acquisitions.19^,20^,21^,22^,23^,24^,25^,26^,27^,28

On Jul 8, 2024, Corsair closed the purchase of an additional 30% of Elgato iDisplay Holdings for cash consideration of $19.8 million, taking its stake from 51% to 81%. On Sep 19, 2024, it completed the acquisition of the Fanatec sim racing business for cash purchase consideration of about $43.7 million, net of cash acquired. In its earnings release, filed in an 8-K (the form for reporting events as they happen) on Feb 12, 2025, Corsair said it expected its component business to rebound in the first half of 2025 as new Nvidia graphics cards shipped in volume.29^,30^,31^,32^,33^,34

Our records hold the text of the report's management discussion and notes, but not its other exhibits, and they cannot tell whether the year-earlier figures were restated.35^,36