That is certainly a better and more accurate description than what the LSM says.
QAnon is a conspiracy theory—what garbage they spout.
Actually, if you want to get technical, Qanon IS a conspiracy theory. And there’s nothing wrong with that. Conspiracies do exist. The term conspiracy theory has been hijacked to imply that the conspiracy being touted is untrue.
So, yes Qanon followers believe there is a conspiracy of Satan worshipping globalist elites designed to maintain their control over the world, and to subject the world’s people.
Or to be more accurate, Qanon is a person or group of people who are exposing a conspiracy among world elites to manipulate and control governments and peoples. So, Qanon is exposing a conspiracy.