Business
Turtle Beach Corporation Announces Fourth Quarter and Full Year 2025 Results
– Net Revenue for the Fourth Quarter of $118.8 Million and $319.9 Million for Full Year 2025 –– Gross Margin Improvement to 40.1% for the Fourth Quarter and
About this update from Turtle Beach Corporation
[{"type":"text","content":"– Net Revenue for the Fourth Quarter of $118.8 Million and $319.9 Million for Full Year 2025 –– Gross Margin Improvement to 40.1% for the Fourth Quarter and to 37.3% for Full Year 2025 –– Net Income for the Fourth Quarter of $17.6 Million and $15.7 Million for Full Year 2025 –– Adjusted EBITDA for the Fourth Quarter of $28.1 Million and $40.1 Million for Full Year 2025 –– Initiating Full Year 2026 Revenue & Adjusted EBITDA Guidance – SAN DIEGO, March 12, 2026 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2025 and provided full year 2026 guidance for net revenue and Adjusted EBITDA. Fourth Quarter Highlights Net Revenue was $118.8 million.Gross Margins were 40.1%, a year-over-year improvement of 310 basis points.Net Income was $17.6 million.Adjusted EBITDA was $28.1 million. Full Year 2025 Highlights Net Revenue was $319.9 million.Gross Margins were 37.3%, a year-over-year improvement of 270 basis points.Net Income was $15.7 million.Adjusted EBITDA was $40.1 million.Repurchased $19.0 million of Turtle Beach shares during the year at an average purchase price of $14.09 per share. “Our team operated with strong discipline in 2025, executing our strategic initiatives to sharpen our competitive edge,” said Cris Keirn, Chief Executive Officer of Turtle Beach Corporation. “Although our fourth quarter and full-year results were below guidance due primarily to softness in North American gaming accessories markets and a lighter holiday sell-through environment, we took steps to manage costs, protect our brand position, and prepare the Company for renewed growth.” “Through cost optimization initiatives and tariff mitigation strategies, we achieved gross margins of 40.1% in the fourth quarter, and 37.3% for the full year, the highest annual level since 2018. These margin improvements helped offset market pressures and preserve profitability in a difficult operating environment. “In 2025, we remained focused on advancing innovation across our platforms while increasing the speed and efficiency of our product development cycle. We also strengthened our balance sheet by refinancing our prior debt facilities. Throughout the year, we returned $19 million to shareholders through our share buyback program, bri...