Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook
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Turtle Beach Corporation reported strong Q3 2024 results with a 60% increase in net revenue and a net income of $3.4 million, compared to a loss last year. The company raised its full-year EBITDA guidance and repurchased $10.1 million in shares.
November 07, 2024 | 9:30 pm
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Turtle Beach Corporation reported a significant improvement in Q3 2024 financials, with a 60% increase in net revenue and a shift to net income. The company also raised its full-year EBITDA guidance and repurchased $10.1 million in shares.
The strong financial performance, including a significant revenue increase and a shift to profitability, is likely to positively impact Turtle Beach's stock price. The raised EBITDA guidance and share repurchase further indicate confidence in future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100