Turtle Beach Earnings Reports

Turtle Beach reported Q4 2024 revenue of $146.1 million, a 47% increase from the prior year. Net income more than doubled to $20.1 million, while Adjusted EBITDA grew 156% to $35.7 million. Gross margin expanded by 500 basis points to 37.0%, driven by product innovation and operational efficiencies. The company continues to capitalize on strong gaming accessory demand and expects further growth in 2025.

Turtle Beach Corporation reported a strong third quarter in 2024, with net revenue up 60% year-over-year to $94.4 million and net income of $3.4 million compared to a net loss in the prior year. The company raised its full-year EBITDA guidance, reflecting continued execution strength and the successful integration of PDP.