Corsair Gaming, Inc. (CRSR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.236 in computing and for our business, that's very beneficial to see 00:00:05.236 -- 00:00:09.660 people coming back into the market. I think we just see right now just this pent up demand 00:00:09.660 -- 00:00:12.302 on waiting for the 00:00:12.302 -- 00:00:15.604 ASP to normalize. 00:00:16.506 -- 00:00:21.771 Got it. Okay. Thank you. And then my follow-up is pertaining to the improvement 00:00:21.771 -- 00:00:26.816 mix from DTC at 20% of revenue. I think this has been a key 00:00:26.816 -- 00:00:29.765 initiative for the company for several years now. 00:00:29.765 -- 00:00:33.529 Are there specific drivers to move that percentage higher? 00:00:33.529 -- 00:00:38.114 And do you have an intermediate or longer term target 00:00:38.114 -- 00:00:42.079 in terms of what it can represent as a percentage of your total revenue? 00:00:42.079 -- 00:00:47.745 Thanks. Yes. We had made a 00:00:47.745 -- 00:00:52.531 deliberate goal to get the D2C business to 25%. 00:00:52.531 -- 00:00:54.032 And 00:00:54.032 -- 00:00:59.130 we communicated this a few quarters ago. And since then, you 00:00:59.130 -- 00:01:01.272 know, we've grown 00:01:01.272 -- 00:01:03.712 from 18% 00:01:03.915 -- 00:01:09.100 now to 20% for exiting this Q1. 00:01:09.100 -- 00:01:12.163 That came from a number of activities or investments. 00:01:12.163 -- 00:01:17.729 The first one is M&A, right? A lot of our M&A companies are 00:01:17.729 -- 00:01:22.254 very strong in D2C. Number two is product strategy, 00:01:22.254 -- 00:01:27.983 where we put products on D2C versus the broader channel. 00:01:27.983 -- 00:01:33.450 and we increased marketing investment for our DTC business. 00:01:33.450 -- 00:01:35.272 The 00:01:35.272 -- 00:01:40.659 store that we opened in the Bay Area is...