---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017877"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:39:42.003083+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach Q1 revenue up 10% to $51.4M, narrows adjusted loss; raises FY outlook

## Summary
- Net revenue $51.4M (+10% YoY); net loss $6.7M ($0.40 loss per diluted share) vs $6.5M loss a year ago.
- Adjusted net loss improved to $4.4M ($0.27 per share) from $6.3M ($0.39) YoY; Adj. EBITDA loss narrowed to $2.3M from $5.7M.
- Raises FY2023 outlook: targets 10%-12% revenue growth and return to positive adjusted EBITDA.
- Console gaming headset market revenue up 7.7% per Circana; Turtle Beach console brand outperformed.
- Gross margin 27.5% vs 30.1% YoY, pressured by promotional spend partially offset by lower freight costs.

## SEC filing metadata
- accession: 0000950170-23-017877
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000095017023017877/0000950170-23-017877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000095017023017877/hear-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017877
- JSON: https://secwatch.observer/filing/0000950170-23-017877.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017877.txt

## Key facts
- Earnings Releases
  Turtle Beach Corp reported first quarter ended March 31, 2023 results: revenue $51.4 million, net income $6.7 million, EPS $0.40 per diluted share. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $51.4 million
  - Net income: $6.7 million
  - EPS: $0.40 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net revenue was $51.4 million, an increase of 10% compared to $46.7 million a year ago; • Net loss was $6.7 million, or $0.40 per diluted share, compared to net loss of $6.5 million, or $0.40 per diluted share, a year ago;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000095017023017877/0000950170-23-017877-index.htm

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