Turtle Beach reports record Q4 revenue $146.1M (+47% YoY); initiates FY2025 EBITDA guidance of $68-72M

Turtle Beach Corp

Q4 net revenue record $146.1M (+47% YoY); net income $20.1M ($0.95 diluted EPS) vs $8.6M ($0.47) prior year.
Full year net revenue record $372.8M (+44% YoY); net income $16.2M vs prior year loss of $17.7M.
Q4 Adjusted EBITDA record $35.7M (+156% YoY); full year Adjusted EBITDA $56.4M vs $6.5M.
Initiates FY2025 guidance: revenue $395-405M, Adjusted EBITDA $68-72M (21-28% growth).
Repurchased 1.8M shares in 2024 for $27.8M ($15.39 avg); $18.8M remaining under program.

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