Revenue and Gross Margin Improvement
Turtle Beach generated $80.5 million in revenue with gross margins improving by nearly 120 basis points year-over-year to over 37%.
Successful Refinancing
Completed refinancing of term loan and credit facility, lowering the term loan interest rate by more than 450 basis points, resulting in anticipated annual interest savings of over $2 million.
Share Repurchase Program
Repurchased $10 million of stock during the quarter, bringing year-to-date repurchases to about $17 million, demonstrating confidence in the business and commitment to shareholder value.
Product Innovation and Launches
Launched over 40 new products since Q2, including headsets, controllers, and simulation gear, enhancing their position in the gaming accessories market.
Positive Outlook for 2026
Anticipates growth due to upcoming game releases like GTA 6, new hardware launches, and a refresh cycle for accessories.