Corsair Gaming, Inc. (NASDAQ:CRSR) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET

Company Participants

Ronald van Veen - Vice President of Finance and Investor Relations
Andy Paul - Chief Executive Officer
Michael Potter - Chief Financial Officer

Conference Call Participants

George Wang - Barclays Capital, Inc.
Colin Sebastian - Baird
Andrew Crum - Stifel, Nicolaus & Company, Inc.
Doug Creutz - Cowen
Aaron Lee - Macquarie Group

Operator

Good afternoon, everyone, and welcome to Corsair Gaming's Second Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]

With that, I would now like to turn the call over to Ronald van Veen, Corsair's Vice President of Finance and Investor Relations. Thank you. Sir, please go ahead.

Ronald van Veen

Thank you. Good afternoon, everyone, and thank you for joining us for Corsair's financial results conference call for the second quarter ended June 30, 2024. On the call today, we have Corsair CEO, Andy Paul; and CFO, Michael Potter. Andy will review highlights from the quarter and Michael will then review the financials and our outlook. We will then have time for any questions.

Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion of the call may include forward-looking statements related to the expected future results of our Company and are therefore forward-looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to are described in the earnings release and other SEC filings.

Note, that until our 10-Q has been filed these numbers are preliminary. Today's remarks will also include references to non-GAAP financial measures. Additional information, including reconciliation between non-GAAP financial information to the GAAP financial information is provided in the press release we issued after the market closed today.

With that, I'll now turn the call over to Andy.

Andy Paul

Thank you, Ronald, and welcome, everyone to our earnings call. Q2 is always the lowest revenue quarter of the year for us, and this year is no exception. However, current macroeconomic trends and lengthened refresh cycles have caused this quarter to be weaker than expected. In our two business segments, the gamer and creator segment showed good growth, with revenue up approximately 20% year-on-year.