Corsair Gaming reports preliminary Q1 revenue ~$380M, adj. EBITDA $14-15M; cites European slowdown

Corsair Gaming, Inc.

2022-Q1 EPS reported $0.05 revenue$380,691,000

Preliminary unaudited revenue ~$380M for Q1 2022.
Preliminary adjusted EBITDA expected $14-15M.
Revenue up 23% vs Q1 2020, but down vs Q1 2021 due to stimulus and pent-up demand.
Short-term slowdown in European consumer spending cited as main reason for shortfall.
Company expects surge in self-built gaming PC activity in H2 2022 as GPU prices normalize.

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