Corsair Gaming, Inc. (CRSR) stock plunged 5.2% in pre-market trading on Thursday, following the release of the company's fourth-quarter 2024 earnings results and outlook for 2025. Despite reporting solid Q4 revenue of $413.6 million and adjusted EBITDA of $33.1 million, the company's financial performance fell short of expectations.
The key points that contributed to the pre-market sell-off are:
Despite the disappointing results, Corsair Gaming remains optimistic about its growth prospects, driven by the acquisition of Fanatec sim racing company, the launch of NVIDIA's new GPU series, and the anticipated release of GTA 6. However, investors seem concerned about the company's ability to maintain profitability and growth momentum, leading to the pre-market sell-off.
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