Corsair Gaming, Inc. (CRSR) shares soared 5.43% in the intraday trading session on Thursday, as the computer peripherals and hardware company reported strong fourth-quarter results and provided an optimistic outlook driven by renewed demand for high-performance gaming gear and the integration of the recently acquired Fanatec sim racing business.

The company's Q4 2024 revenue hit $413.6 million, slightly lower than the prior year's $417.3 million. However, gross profit increased to $108.2 million, up from $102.7 million in Q4 2023, reflecting the strength of its gaming and creator peripheral segment. Adjusted EBITDA for the quarter stood at $33.1 million, nearly flat compared to $33.7 million in the year-ago period.

For the full year 2025, Corsair expects revenue in the range of $1.4 billion to $1.6 billion, fueled by robust demand for high-performance gaming components and peripherals, especially following the launch of NVIDIA's highly anticipated 50 series GPUs. The company also anticipates adjusted operating income between $67 million and $87 million, and adjusted EBITDA of $80 million to $100 million.