Turtle Beach authorizes $75M share repurchase program

For Q1, the company repurchased $1.8M of common stock. Since the company began repurchasing shares under the prior stock repurchase authorization program in Q2 of 2024, the company has repurchased 1.9M shares for an aggregate purchase price of $29.5M. In line with its continued commitment to return capital to shareholders, the company is opportunistically assessing various potential share repurchase strategies. The company has authorized a new stock repurchase program of up to $75M over the next two years. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements, restrictions in the company’s debt agreements and other factors. The company intends to fund the share repurchases using cash from operations or short-term borrowings and may suspend or discontinue repurchases at any time. The share repurchase program is scheduled to expire on May 6, 2027.