Earnings release
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CORSAIR FREMONT , CA , November 2 , 2021 Corsair Gaming , Inc. ( NASDAQ : CRSR ) ( “ Corsair " ) , a leading global provider and innovator of high - performance gear for gamers and content creators , today announced financial results for the third quarter ended September 30 , 2021 . ● Corsair Gaming Reports Third Quarter 2021 Financial Results Reports Third Quarter Revenue and Profit Year - to - Date 2021 Highlights Net revenue for the nine months ended September 30 , 2021 was $ 1,393 million , an increase of 21.6 % year - over - year . Gamer and creator peripherals segment net revenue was $ 470.3 million , an increase of 35.3 % year - over - year . Gaming components and systems segment net revenue was $ 923.1 million , an increase of 15.6 % year - over - year . Net income for the nine months ended September 30 , 2021 was $ 76.2 million , or $ 0.76 per diluted share , compared to net income of $ 60.2 million in the same period last year , or $ 0.69 per diluted share . ● Adjusted net income for the nine months ended September 30 , 2021 was $ 110.2 million , or $ 1.10 per diluted share , compared to adjusted net income of $ 91.9 million in the same period last year , or $ 1.05 per diluted share . Adjusted EBITDA for the nine months ended September 30 , 2021 was $ 159.6 million , an increase of 13.6 % year - over - year . Third Quarter 2021 Highlights Net revenue was $ 391.1 million , a decrease of 14.4 % year - over - year . Gamer and creator peripherals segment net revenue was $ 139.3 million , a decrease of 13.8 % year - over - year . Gaming components and systems segment net revenue was $ 251.9 million , a decrease of 14.8 % year over - year . Net income was $ 1.8 million , or $ 0.02 per diluted share , compared to net income of $ 36.4 million in the same period last year , or $ 0.40 per diluted share . Adjusted net income was $ 16.3 million , or $ 0.16 per diluted share , compared to adjusted net income of $ 48.5 million in the same period last year , or $ 0.54 per diluted share . Adjusted EBITDA was $ 27.6 million , a decrease of 56.6 % year - over - year . Definitions of the non - GAAP financial measures used in this press release and reconciliations of such measures to their nearest GAAP equivalents are included below under the heading “ Use and Reconciliation of Non - GAAP Financial Measures . " " Corsair remains well positioned to capitalize on the underlying secular growth trends around gaming , esports and streaming , and we intend to continue to make investments to enhance our customer experience . During the third quarter , we were pleased to see our strong pace of innovation continued with the release of our new FaceCam 1080p streaming camera and Xeneon gaming monitor . These both represent an initial entry for us into large and growing markets . We just announced the first of our DDR5 products and believe we are well positioned to maintain our leadership position in the memory