Turtle Beach Reports Strong Q1 2025 Performance

Turtle Beach Corp ( (TBCH) ) has released its Q1 earnings. Here is a breakdown of the information Turtle Beach Corp presented to its investors.

Turtle Beach Corporation is a prominent brand in the gaming accessories industry, known for its innovative gaming headsets, controllers, and peripherals. The company has established itself as a leader in console gaming audio and continues to expand its product offerings.

In the first quarter of 2025, Turtle Beach Corporation reported significant growth in key financial metrics, including a 14% increase in net revenue to $63.9 million and a notable improvement in gross margin to 36.6%. Despite a net loss of $0.7 million, the company achieved an adjusted EBITDA of $4.1 million and generated $40.5 million in cash flow from operations, marking the highest level since 2019.

The company announced a new $75 million share repurchase program, reflecting its commitment to returning capital to shareholders. Turtle Beach’s strategic initiatives, including the acquisition of PDP in 2024, have contributed to its strong performance despite challenges in the gaming accessories market. The company has also taken proactive steps to mitigate the impact of new tariffs by diversifying its supply chain away from China.

Looking ahead, Turtle Beach Corporation remains confident in its ability to navigate the dynamic macroeconomic environment. The company expects gaming accessories markets to improve throughout 2025, with projected net revenues ranging between $340 million and $360 million. Turtle Beach continues to focus on profitability, operational efficiency, and growth to drive value for shareholders.