Why Corsair Gaming Stock is Soaring Thursday

Corsair Gaming (NASDAQ: CRSR ) reported second-quarter financial results Thursday after market close. • Corsair Gaming stock is charging ahead with explosive momentum. What’s behind CRSR gains? Here are the key highlights. Corsair Gaming Q2 Earnings Corsair Gaming reported second-quarter revenue of $314.3 million, down 2% year-over-year. The revenue total beat a Street consensus estimate of $310.5 million according to data Pro. Direct-to-consumer represented around 20% of total net revenue in the quarter. Gamer and Creator Peripherals segment revenue was $115.9 million in the quarter, up 13% year-over-year. Gaming Components and Systems segment revenue was $198.5 million in the quarter, down 9% year-over-year. The company said higher memory pricing hurt the market for DIY PC builds. Adjusted EBITDA was up 279% year-over-year to $30.8 million in the quarter. The company saw a ben...