earnings
confidence high
sentiment positive
materiality 0.80
Turtle Beach Q3 net income $3.4M, revenue +60% YoY; raises FY EBITDA guidance
Turtle Beach Corp
2024-Q3 EPS reported
-$0.20
revenue$226,689,000
- Net revenue $94.4M, up 60% YoY; net income $3.4M ($0.16 EPS) vs net loss ($3.6M) prior year.
- Adjusted EBITDA $16.3M, up from $1.0M; gross margin 36.2%, +630 bps YoY.
- Organic revenue (ex-PDP) grew ~15% YoY; PDP integration exceeding expectations with >$13M synergies.
- FY 2024 revenue guidance $370-380M (43-47% growth); Adjusted EBITDA guidance raised to $55-58M.
- Repurchased $10.1M in Q3 ($25.3M YTD) with $21.3M remaining under buyback program.