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Stock impact report

Corsair Gaming Reports Second Quarter 2022 Financial Results

Corsair Gaming, Inc. (CRSR) 
Company Research Source: Business Wire
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers and content creators, today announced financial results for the quarter ended June 30, 2022.Second Quarter 2022 HighlightsNet revenue was $283.9 million, in line with the Company’s preliminary revenue provided on July 21, 2022. Net revenue was $380.7 million in the first quarter of 2022 and $472.9 million in the second quarter of 2021. The sequential and year-over-year declines reflect the adverse impact of macro-economic headwinds affecting consumer spending on gaming gear, especially in Europe, and a channel inventory correction.Gamer and creator peripherals segment revenue was $89.0 million compared to $134.1 million in the first quarter of 2022 and $155.2 million in the second quarter of 2021.Gaming components and systems segment revenue was $194.9 million compared to $246.5 million in the first quarter Show less Read more
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