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Corsair Gaming Releases Financial Results For Q2 2021

On August 3rd, Corsair Gaming Inc. unveiled the company’s financial results for the second quarter of 2021. In this report, it was revealed that Corsair experienced record revenue and profits in the second quarter of this year.

According to the financial results, net revenue reached $472.9 million this quarter. This signifies a 24.3% increase year-over-year. Furthermore, gross profits increased by 24.1% year-over-year to $130.4 million.

“I am pleased with our performance in the second quarter, where we delivered year-over-year revenue growth of 24%,” said Andy Paul, the Chief Executive Officer of Corsair. “Our results highlight the strength of the underlying fundamentals of our business, as gamers continue to purchase and upgrade their gear, even as entertainment outside of the home and travel began to open back up.  We experienced growth in every category despite key components shortages, such as graphics cards for enthusiasts to build gaming PCs, logistics issues, and port delays.”

The organization also released full-year financial projections for 2021. The company is reporting that 2021’s net revenues will be between $1.9 billion and $2.1 billion.

(All information was provided by Globe Newswire and Yahoo! Finance)

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