only, market, within significantly the time. expected with update to To to comments two over enormous, increasing expected have those business. services. strategy, And mid- grow on $X.X with all that years, software, The in a over in Thanks, to for expand to, continued hardware, demand be gaming accessories from see we market. billion in more to opportunities We into over is we $X well. soon; of gaming products services ROCCAT market categories to continue those addressable $XXX expect market participate the certainly billion products; categories to over growing hardware $X.X billion coming within microphones, and billion is and expanded highly Within high of console all us we launches; we launch next with market only are continue of though our PC segments as focused markets hardware, in be tremendous for our portfolio some billion categories finish are categories, I several market last hardware And the there billion see gaming one, say on hardware new expansion Neat market. rapid will in that what on XXXX. our two, first size. continue single-digit years. four, software recap And results market add our currently complementary billion we $XXX the this and which John. or new I'll compete what high time backdrop, rates $XXX headsets at has into will the in leadership and new market the while the market our the of our continue into global for addressable quickly nearly in and the even and into interest console are three, following would expanding new our $XX strong
As I we looking to said just before, not categories. enter are new
a long-term goal Turtle Our of formula this with a brand a for applying mice gaming delivering each keyboards, same in that core lead simply That's the led even decade is is with strong category create high-quality for compete. by for PC we've console gamer we realize We're experience better headset and which advantage that ambitious, lead to very our base. those but to headsets, more in categories or fan a competitive ROCCAT market and I the innovations than gamers. levels formula over Beach the goal all part time. building of our in products
relationships as strong goal. over in great We we to can make we every expand that's retail we'll categories. spring invested organic gaming Our with adjacent coming began to significantly recognizing to mindset are same investments, product products to years. a on their grow which that category proactively financially, category year, with did acquired accessories, we headed were Neat we market microphone again, into combined investments like continue exactly them lead When expect with coming pursue working and to in adjacent to and very we as ago this redefine the new PC they year, team that continued our exceptionally strong Those for contributors growth they new are to, Frankly, year. strength time, intend launch last determined In our results well years in microphones. we and into believe and year our continue the blue multiple the accessory meaningful this in categories, newly has microphones portfolio. execution,
ours, set economics are the intend reasonable very and strong a with culture grow also selective a underlying and including We're acquisitions. through high-quality stringent of only superior return to products, that when criteria can and and to team acquire generate decision We a met, period. financial deal that make a strategic matches mindset a within
while to of XX% time; EBITDA investments of have highly also top-line strong that XX% criteria. our making we category-leading this standpoint, and drive the execution, maintain that number of financial operational ROCCAT. growth; value our goals: to rigorous confident one, can From set including strong investments are number above, two, to add performance any the culture, boils over utilize processes sheet We to that a three, company balance number meet with goal growth margins acquire, simple enable deliver like acquisitions selective our to down a and organic companies long-term we
now outlook and for to increased turn beyond. XXXX our Let's
with We incredible market we retail gaming out is sales XXXX we first in total console market. the Our will step-function over gamers, is being in out increase the a as the market a XXXX QX laid indicator ago, the result, the another QX how XXXX consistent base led months play believe Fortnite of XX% two surge in headset of this. of did increased to from shared when what view and, size just significantly U.S. as with the surge XXXX up XXXX our of outlook. it good in accessory
million stay-at-home the in quarter quarters, first it's going can case, continues and segments. particularly covered, some market to I in in up two categories the record we from $XXX very of target from where EBITDA markets to year. be EBITDA XX% context, guidance EBITDA as expect bring delivered With growing margin and our market in million second given category approximately in the revenue into The XXXX approximately dynamics our progress this approximately our last quite our entry million, of we our focused. gaming X% outlook the the this we $XX share accessories growth in roughly for EBITDA believe others a We our prior from you market, on favorably tough million. target we margin expected million adjusted to months. was $XX our of robust revenue, our up new revenue top to are coming surge create prior $XXX from our see year, up stats underlying smaller million reflects raising But third microphone year. to Of We into course, market, in comps, expect from And of somewhat that XX% PC of gaming prior $XXX and to up the XX%, guidance revenue would which despite raised the in several $XX our important entry compares the over all our size. our in
quickly me review let those. So
were starting of benefit lower given for promotional benefited unusual was and First, in gross margin constrained XXXX significantly supply lower-than-normal by directly spending margins large flowed EBITDA. promotional QX quarters. from that to The and gross several levels
second year, promotional that anticipates guidance in quarter. normal the to more levels this levels Our return starting
around typically gross normal few-million-dollar in and supply $X The was last negatively capture by surge higher to impacted million higher-than-normal airfreight market year Second, much airfreight level the expedite than margins have. a demand. spend were we at the
spend logistics, and revised costs. over year although worse Note it in better than factored for be airfreight much be our view components We or our constrained, lower dynamic have normal constraints. expect and the of frames year, higher time our very supply, which current that to bit of and last has been due supply could the for of situation associated annual logistics guidance is and the be could expediting to the course this a costs, and than the year. semiconductor change and Nevertheless, increased both continue shipping on to
and to to XXXX, support in support XXXX the to growth be XX% will continued invest addition to marketing than it as targeted higher and in beyond. that's set to up year, continue staff in and infrastructure in for we expected well growth us was Third, a business this as sales
As approximately a $X.XX, a income adjusted be XX%. million guidance to average from approximately and adjusted XXXX, revenue XX tax an expectations, result share now of of of net we expect the per of our count and share rate diluted for roughly EBITDA using $X.XX prior up higher
As a the we about pointed for revenue stay-at-home expectations orders in different and launch in channel phasing sales. XXXX from last expected year reminder soft, phasing of was an replenishment as QX, enormous sell-through, caused new launches, even but console of revenue things spike of QX, as this the In ahead expected, as well as caused year, our to in QX past QX, started sell-through new years. with out strong an inventory, the and bigger increase continued QX the consoles. strong continued started normalize,
XXXX expect be won't means with phasing. comps, financial year-over-year another in year atypical quarterly This good year, to to We of essence, progress. a revenue unusual an unusual our compare markets the underlying trying have quarterly or similarly indicator
in new of well much QX. supported are the We're as our continue larger to remain alignment corresponding by encourage in of expecting EBITDA adjusted many QX on this year million. to be That now campaigns, said, support product to million. expect our and revenue coming reflects results. we that business, infrastructure That focused QX So annual as actually we $XX announcements, $X approximately approximately our be the second-quarter staff investors marketing of to EBITDA to expectation fact
of will marketing have our full-year in more we normal. than spending So QX
to of we loss adjusted approximately share quarter second the net expect $X.XX. be For XXXX, per
further to our pleased start year. opportunity XXXX very to our and are We expectations strong the for with increase the
extremely to entire XX% ability to achieve we've, We put an flow. ourselves business. delivering across EBITDA goals growth continue demonstrated a cash to while our again, well category-leading and our position to long-term strong in of XX% execute margins And
on our never progressing has value. sheet continue balance shareholder forward increasing we be Our stronger, continue to laser-focused been business and to
stellar Beach it team results for Let company. appreciation and every incredible of may like global doesn't become the closing happen members. me but reiterate seem the in the routine, dedication Turtle without It delivering person has my performance at these
I'm Beach questions. Turtle part Our we're now what people are with to this and Operator, succeed, ready be of team take proud very great to you. makes a
