Turtle Beach Reports Q2 2024 Revenue Up 59% to $76.5M, Raises Full-Year Adjusted EBITDA Guidance

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 improved to $(7.5)M from $(15.9)M; Adjusted EBITDA $3.0M vs loss of $(5.7)M.
Raised full-year 2024 Adjusted EBITDA guidance to $53-56M, up from $51-54M prior.
Repurchased ~952,000 shares for $15.2M in Q2; $31.4M remaining under buyback program.
Board approved amendments for formulaic share repurchase plan (Rule 10b5-1) to continue buybacks.

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