The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Aaron Lee - Macquarie Capital (USA) Inc. - Analyst
: Thanks for taking my question. Andy, congratulations on a storied career. It was great working with you, and I hope we'll be seeing you pop up
again somewhere in the industry in the future.
I want to start with maybe the Fanatec acquisition. Sorry if I missed this earlier, but is that still on track to be done by the second quarter? And what
items are still ahead to work through as you course-correct that asset? And along those lines, can you also talk a bit more about your expectations
for this business's growth in 2025?
Question: Aaron Lee - Macquarie Capital (USA) Inc. - Analyst
: That's great to hear. And then, wanted to touch on partnerships. Over the last couple of quarters, you've announced some major partnerships with
Activision and Apple. Can you just talk about how these partnerships have impacted the business, whether it's increased brand awareness, sales
volumes, anything like that to help us understand how partnerships like these just kind of flow through the business? Thank you.
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FEBRUARY 12, 2025 / 10:00PM, CRSR.OQ - Q4 2024 Corsair Gaming Inc Earnings Call
Question: Aaron Lee - Macquarie Capital (USA) Inc. - Analyst
: Great. And I appreciate it. Thanks, Andy, and thank you, Thi. Looking forward to working with you.
Question: George Wang - Barclays Capital Inc. - Analyst
: Hey, Andy. Thanks for working with you in the past and wish you all the best. And Thi, welcome to the CEO position and look forward to working
with you in the future.
Just two quick ones, firstly, obviously, top of mind in terms of the GPU refresh in the first half and especially kind of a bit more selling momentum
into the second quarter, can you unpack and maybe give more color just in terms of cadence -- you gave a range for the revenue, low end and the
high end. Just curious what could the drive towards the high end of the guidance for the full year and just how to think about the cadence for the
GPU refresh.
Question: George Wang - Barclays Capital Inc. - Analyst
: Okay, great. Just a follow-up in terms of the margins. In the prepared remarks, you guys talk about margin improvement, especially kind of a cyclical
recovery on the DIY components and continuing the margin trends for the peripherals. Maybe you can unpack kind of across both end of the
spectrum and any other lever you guys can pull to kind of further improve EBITDA margin for 2025.
Question: Doug Creutz - TD Cowen (Research) - Analyst
: Hey, thank you. You mentioned that your guidance incorporates the expected impact of the tariffs. I'm just curious if you think that kind of relative
to your competitors, if you're relatively better positioned or worse positioned with tariffs. Could it be a competitive advantage? Any color you can
give on that would be great. Thank you.
Question: Doug Creutz - TD Cowen (Research) - Analyst
: Great. Thank you, and congratulations, both, Andy and Thi.
Question: Colin Loyet - Robert W Baird & Co. Incorporated - Analyst
: Hey. This is Colin Loyet on for Colin Sebastian. Thanks for taking our questions. Just two from us. So the commentary in the release around the
shaping of the rebounded components was helpful. So just kind of on that, our first question would be around components. How beneficial do
you think NVIDIA's AI services business is for Corsair? For example, are you seeing people pair Corsair products with their products kind of in that
sense?
And then our second question stepping back and looking at the broader video game market, have you seen any games recently kind of spur
purchases of either peripherals or components? Or do you think it's going to be more back-half weighted with the likes of GTA 6 and games like
that? Thank you.
Question: Colin Loyet - Robert W Baird & Co. Incorporated - Analyst
: Yeah. So for example, people are training AI models with H100, et cetera, are you seeing people use Corsair products in their training data centers
or facilities?
Question: Colin Loyet - Robert W Baird & Co. Incorporated - Analyst
: Okay, that's great. And yeah, congrats, Andy. I really appreciate it.
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