---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-021930"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:50:09.265014+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach Q3 net revenue $51.3M, down 40% YoY; net loss $12M

## Summary
- Net revenue $51.3M vs $85.3M YoY; net loss $(12.0)M ($0.73 diluted loss) vs net income $2.6M ($0.14 EPS) YoY.
- Adjusted EBITDA loss $(6.9)M vs positive $6.7M YoY; gross margin 14.1% (24.5% ex $5.3M inventory provision).
- Operating expenses down 25% YoY from proactive cost management; recurring OPEX down 16%.
- CEO expects return to revenue growth and positive EBITDA in 2023 as consumer and freight headwinds subside.
- Non-console headset products expected to contribute ~30% of Q4 revenue as diversification continues.

## SEC filing metadata
- accession: 0000950170-22-021930
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/0000950170-22-021930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/hear-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-021930
- JSON: https://secwatch.observer/filing/0000950170-22-021930.json
- Plain text: https://secwatch.observer/filing/0000950170-22-021930.txt

## Key facts
- Earnings Releases
  Turtle Beach Corp reported the third quarter ended September 30, 2022 results: revenue $51.3 million, net income $(12.0) million, or $(0.73) per diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $51.3 million
  - Net income: $(12.0) million, or $(0.73) per diluted share
  - Result: reported results
  source text: Third Quarter Summary vs Year-Ago Period: • Third quarter net revenue was $51.3 million, compared to $85.3 million a year ago, where the Company reported its second-highest third quarter; • Third quarter net loss was $(12.0) million, or $(0.73) per diluted share, compared to net income of $2.6 million, or $0.14 per diluted share, a year ago; • Third quarter adjusted EBITDA loss was $(6.9) million compared to adjusted EBITDA of $6.7 million a year ago, including a $(2.3) million impact from foreign exchange; and • Third quarter recurring operating expenses were down 16% from proactive expense management the Company initiated earlier in the year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/0000950170-22-021930-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.