On February 8th, Corsair Gaming Inc. announced the company’s financial results for the fourth quarter of the 2021 fiscal year which ended on December 31st, 2021. Corsair reported net revenues of $510.6 million, an 8.2% increase from the same period during 2020. Meanwhile, net income was down from $43 million in 2020 to $24.7 million during Q4 2021.
At the same time, Corsair gaming also released its financial results for the entire 2021 fiscal year. During FY21, net revenues rose 11.8% year-over-year to hit $1.90 billion. Additionally, net incomes in 2021 were $101 million, which represents a small decline from $103.2 million in 2020.
“After the extraordinary growth in 2020 caused by gamers spending more time at home gaming and the large growth in the creator economy, we are pleased to see that after lockdowns and shelter at home were lifted, our Q421 net revenues were within about 8% of Q420. Despite the ongoing logistical and supply chain challenges impacting markets, including the lack of availability of reasonably priced GPUs in the retail channel, we experienced healthy growth over 2020 in both our operating segments. Our gamer and creator peripherals segment grew 20% year-over-year, demonstrating the underlying secular growth trends in the overall gaming, esports, content creator, and streaming hardware and services market. As we discussed during our recent Investor Day and with our record new product introductions of 141, including five new categories, we remain focused on expanding our presence in the market and are well-positioned to continue to gain market share,” said Andy Paul, Chief Executive Officer of Corsair.
Corsair also revealed its full-year projections for 2022. The organization expects to record net revenues between $1.9 billion and $2.1 billion during the 2022 fiscal year.
(All information was provided by Yahoo! Entertainment)