---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-060292"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:41:33.090501+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach Q3 revenue up 15% YoY to $59.2M; raises FY2023 adjusted EBITDA guidance to $8-10M

## Summary
- Net loss of $3.6M ($0.21 diluted loss) vs $12.0M loss a year ago; adjusted EBITDA improved to $1.0M from -$6.9M.
- Gross margin expanded to 29.9%, highest in six quarters, from 14.1% a year ago (14.1% included $5.3M inventory provision).
- Operating expenses fell 7% YoY to $20.2M on continued expense management.
- Full-year 2023 adjusted EBITDA guidance raised to $8-10M; exit run-rate EBITDA outlook increased to $28-33M.
- Revenue growth driven by console headset share gains and flight sim accessories (US flight sim business up >20% YoY).

## SEC filing metadata
- accession: 0000950170-23-060292
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1493761/000095017023060292/0000950170-23-060292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000095017023060292/hear-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-060292
- JSON: https://secwatch.observer/filing/0000950170-23-060292.json
- Plain text: https://secwatch.observer/filing/0000950170-23-060292.txt

## Key facts
- Earnings Releases
  Turtle Beach Corp reported third quarter ended September 30, 2023 results: revenue $59.2 million, net income $3.6 million, EPS $0.21 per diluted share. Guidance raised.
  - Period: third quarter ended September 30, 2023
  - Revenue: $59.2 million
  - Net income: $3.6 million
  - EPS: $0.21 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: HEAR) (“Turtle Beach” or the “Company”) reported financial results for the third quarter ended September 30, 2023. Third Quarter Summary vs Year-Ago Quarter: • Net revenue was $59.2 million, an increase of 15.3% compared to $51.3 million a year ago; • Net loss was $3.6 million, or $0.21 per diluted share, compared to net loss of $12.0 million, or $0.73 per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000095017023060292/0000950170-23-060292-index.htm

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