Continued softness in gaming accessories markets that carried over from 2025
Temporary dip in channel inventory ahead of new product launches
rgi
Margin compression due to:
Gross Margin
O/o
Lower revenue base from channel inventory reduction
Targeted promotional activity to reduce channel inventory
Moving of US-based warehouse
§1 Net Loss of S[15.2M]
Q1 Adjusted EBITDA loss of Sf6.SM]
Repurchased -SSOM in common shares
since ZOZ4
In April 2O26, refinanced credit facilities to enhance capital return flexibility
Net Loss
Adjusted EBITDA'1'
See appendix for a re conciliation of non-GA AP measures
S(15.2)
S(6.51
S(0.7J
S4.1
1. Circana, LLC, Retail Tracking Service, US, Video Games, Gaming hardare, Softare and accessories, Jan - Mar 2026 V. Jan-Mar 2025 & Mar 2026 v. Mar 2025
2. Circana, LLC, Retail Tracking Service, US, Video Games, Gaming Accessories, Headsets and Headphones, Turtle Beach and PDP combined, Dollar share & Dollar Share Point Change, Jan - Mar 2026 v. Jan-Mar 2025
Circana, LLC, Retail Tracking Service, US, Video Games, Gaming Accessories, Headsets & Headphones, Turtle Beach & PDP combined, Dollar share & Dollar Share Point Change, Jan - Mar 2026 v. Jan-Mar 2025
2O26 GUIDANCE
Guidance considers a return to growth for gaming accessories markets in 2O26 and positive momentum for Turtle Beach
Expanded product pipeline
Confirmed new retail placements
Brand transformation underway
Advantageous position ahead of GTA VI
Net Revenue Adj. EBITDA
S33sM - S355M S44M - S4BM
LONG-TERM FINANCIAL TARGETS
Met:ric
Revenue
Gross Margins %
Adjusted EBITDA
Marg ins
Target
10% + CAGR
Mid-to-H igh 30's
Mid-to-H igh Teens
) LONG-TERM GROWTH REMAINS THE GUIDING PRINCIPLE
CONT@@TS
orate Communications & Media:
Turtle Beach Corp ation
SVP, Head of Brand
Iicrinc.com
S
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Turtle Beach Corporation published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 22:51 UTC.
Turtle Beach Corporation is an audio and gaming technology company. The Company is engaged in developing, commercializing, and marketing products under the Turtle Beach and ROCCAT brands. The Company is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Its PC peripherals brand, ROCCAT, creates PC gaming keyboards, mice and other gaming accessories focused on the PC gaming market. The Turtle Beach brand has a market of gaming headsets with a portfolio of headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PCs and mobile/tablet devices. It also includes the Neat Microphones brand, which creates, manufactures, and sells digital universal serial bus (USB) and analog microphones for streamers and content creators. Its subsidiaries include VTB Holdings, Inc., Voyetra Turtle Beach, Inc., Turtle Beach Europe Limited and PDP France SARL.
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Global
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ESG MSCI
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