Earnings ·
Reports Q3 net revenue of $84.7M, up 5.3% year-over-year
TBCHTurtle Beach Corp
Turtle Beach reported third-quarter net revenue of $84.7 million, a 5.3% increase from the prior year's $80.5 million. Net income rose to $4.4 million from $1.7 million, while adjusted EBITDA declined to $8.1 million from $11.0 million due to higher promotional, tariff, and logistics costs that compressed gross margin to 34.9%. The company reaffirmed its full-year 2026 net revenue guidance of $335 million to $355 million and adjusted EBITDA guidance of $44 million to $48 million. Management noted accelerating early fourth-quarter retail orders and anticipates capacity for additional share repurchases following the holiday season. Turtle Beach is a leading provider of gaming accessories, including headsets, controllers, and peripherals.