Turtle Beach Corp ( (TBCH) ) has released its Q2 earnings. Here is a breakdown of the information Turtle Beach Corp presented to its investors.
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Turtle Beach Corporation is a leading provider of gaming accessories, known for its innovative and top-rated products such as gaming headsets, controllers, and peripherals, with a strong presence in the console gaming audio market. In its latest earnings report, Turtle Beach announced a net revenue of $56.8 million for the second quarter of 2025, alongside an improved gross margin of 32.2%. The company reported a net loss of $2.9 million, a significant improvement from the $7.5 million loss in the same period last year. Turtle Beach also highlighted its strategic refinancing efforts, which have lowered its cost of capital by approximately 450 basis points, and repurchased $5.0 million of stock under a new $75 million repurchase program. Key financial metrics from the report include an adjusted EBITDA of negative $3.0 million and a reiteration of full-year revenue guidance between $340 million and $360 million, with adjusted EBITDA expected to range from $47 million to $53 million. The company remains optimistic about the second half of the year, with expectations of continued market improvements in the gaming accessories sector, positioning it well for future growth and profitability.