Turtle Beach Affirms FY24 Sales Guidance Of $370M-$380M Vs. $376.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Turtle Beach has reaffirmed its FY24 sales guidance, projecting net revenue between $370M and $380M, which represents a 43-47% year-over-year growth. The company also expects Adjusted EBITDA to be between $53M and $56M, up from the previous range of $51M to $54M.

August 08, 2024 | 9:15 pm
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Turtle Beach has reaffirmed its FY24 sales guidance, projecting net revenue between $370M and $380M, which represents a 43-47% year-over-year growth. The company also expects Adjusted EBITDA to be between $53M and $56M, up from the previous range of $51M to $54M.
The reaffirmation of strong FY24 sales guidance and an increase in the Adjusted EBITDA range indicates positive financial health and growth prospects for Turtle Beach. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100