Corsair Gaming Inc (MEX:CRSR)
MXN 182.55 (0%) Market Cap: 19.06 Bil Enterprise Value: 21.50 Bil PE Ratio: 0 PB Ratio: 1.64 GF Score: 64/100
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Q1 2025 Corsair Gaming Inc Earnings Call Transcript

May 06, 2025 / 09:00PM GMT
Release Date Price: MXN135

Key Points

Positve
  • Corsair Gaming Inc (CRSR) reported a 10% revenue growth in Q1 2025 compared to the same period last year, reaching $370 million.
  • Successful integration of Fanatec into Corsair's operations, enhancing product availability and customer experience.
  • Strong demand for gaming components and systems, driven by new high-performance GPUs from NVIDIA.
  • Expansion in gross margins, with an increase from 25.7% in Q1 2024 to 27.7% in Q1 2025.
  • AI integration in products and support systems is expected to drive future growth and improve customer service.
Negative
  • Uncertainty regarding tariffs and their potential impact on the cost of GPUs and consumer demand.
  • Despite revenue growth, Corsair Gaming Inc (CRSR) reported a GAAP operating loss of $2.3 million in Q1 2025.
  • Net loss attributable to common shareholders was $10.1 million, or $0.10 per diluted share.
  • The company is not reaffirming full-year 2025 financial guidance due to tariff uncertainties.
  • Inventory levels increased, ending Q1 at $276.8 million, which could indicate potential supply chain challenges.
Operator

Good afternoon, and welcome to Corsair Gaming's first-quarter 2025 earnings conference call.

(Operator Instructions)

With that, let me turn the call over to David Pasquale with Investor Relations. Thank you, sir. Please begin.

David Pasquale
Corsair Gaming Inc - Investor Relations

Good afternoon, everyone, and thank you for joining Corsair's financial results conference call for the first quarter ended March 31, 2025.

On the call today, we have Corsair's CEO, Andy Paul; Thi La, Corsair's President and future Chief Executive Officer of Corsair as of July 1, 2025; and CFO, Michael Potter. Andy will review highlights from the quarter followed by Thi. Michael will then review the financials. We will then have time for any questions.

Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion, may include forward-looking statements related to the expected future results for our company and are therefore forward-looking statements. Our actual results may

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