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Turtle Beach (TBCH)
NASDAQ:TBCH
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 1.96%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive performance in Q4 2024 with record-breaking revenue and significant EBITDA growth, driven by strategic acquisitions and market expansion. However, some challenges include inventory loss, potential tariff impacts, and a softer retail market expected in the first half of 2025. Despite these challenges, the company's strategic initiatives and market positioning suggest a favorable outlook.Company Guidance
During the Turtle Beach Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, projecting full-year revenue to be between $395 million and $405 million, representing 7% growth at the midpoint compared to 2024. They also anticipate adjusted EBITDA to range from $68 million to $72 million, marking a 24% increase and a more than 200 basis point improvement in adjusted EBITDA margin compared to the previous year. The company expects the first quarter to account for approximately 15% to 16% of the full-year revenue, reflecting a stronger second half driven by anticipated new game and console launches. Additionally, Turtle Beach is actively monitoring the potential impact of tariffs, which are estimated to affect EBITDA by several million dollars if tariffs were to change.Record-Breaking Quarterly Revenue
For Q4 2024, Turtle Beach achieved its highest ever quarterly results with revenue at $146.1 million, marking a 46.8% increase compared to the same quarter last year.
Significant EBITDA Growth
Adjusted EBITDA for the fourth quarter was $35.7 million, up from $14 million in the same period last year, reflecting improved operational efficiency.
PDP Acquisition Impact
The acquisition of PDP significantly expanded Turtle Beach's product portfolio and market reach, contributing to increased revenue and cost synergies exceeding initial expectations.
Gaming Accessories Market Performance
Turtle Beach's gaming accessories outpaced the overall market with a 6% growth in 2024, bolstered by new product launches.
Shareholder Value Enhancement
Turtle Beach executed $28 million in share buybacks in 2024, the largest in its history, at an average price of $15.39 per share.
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TBCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TBCH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $14.29 | $13.56 | -5.11% |
| Nov 07, 2024 | $16.15 | $17.11 | +5.94% |
| Aug 08, 2024 | $12.82 | $14.77 | +15.21% |
| May 07, 2024 | $14.71 | $15.47 | +5.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Turtle Beach (TBCH) report earnings?
Turtle Beach (TBCH) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Turtle Beach (TBCH) earnings time?
Turtle Beach (TBCH) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TBCH EPS forecast?
TBCH EPS forecast for the fiscal quarter 2025 (Q1) is -0.13.
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