earnings
confidence high
sentiment positive
materiality 0.75
Turtle Beach Q2 revenue $76.5M (+59% YoY); raises FY 2024 Adj. EBITDA guidance to $53-56M
Turtle Beach Corp
2024-Q2 EPS reported
-$0.37
revenue$132,326,000
- Net revenue $76.5M, up 59% YoY; organic growth 15% excluding PDP acquisition.
- Net loss $(7.5)M ($(0.35)/share) improved from $(15.9)M ($(0.93)) in Q2 2023.
- Adjusted EBITDA $3.0M vs. $(5.7)M loss in prior year; raised FY outlook to $53-56M.
- Repurchased $15.2M (~952K shares) in Q2; $31.4M remains under buyback program.
- Amended credit agreements to enable Rule 10b5-1 share repurchase plan.