earnings
confidence high
sentiment positive
materiality 0.75
Turtle Beach Q2 net revenue $56.4M, net loss $7.3M; reaffirms FY guidance
Turtle Beach Corp
- Net revenue $56.4M vs $56.8M prior year; gross margin improved to 38.8% (up 660 bps) on tariff refunds.
- Net loss $7.3M vs $2.9M prior year; adjusted EBITDA $1.3M vs loss $3.0M prior year.
- Repurchased $25.0M of common stock (2.0M shares at avg $12.53); $31M remaining under buyback program.
- Refinanced debt with $80M ABL facility (Bank of America) and $85M term loan (Blue Torch Capital), replacing prior $150M credit agreement.
- Reaffirmed FY2026 guidance: net revenue $335M-$355M, adjusted EBITDA $44M-$48M.