Slide 1: Earnings Presentation Second Quarter 2026
TM CORPORATION EARNINGS PRESENTATION SECOND QUARTER 2026
Slide 2: Safe Harbor Statement & Important Information
SAFE HARBOR STATEMENT TM & IMPORTANT INFORMATION Forward-Looking Information and Statement This presentation, including the appendix, includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this presentatio
Slide 3: Second Quarter 2026 Financial Overview
SECOND QUARTER 2026 TM FINANCIAL OVERVIEW $ Millions Q2 Q2 Q2 Revenue of $56.4M (except per -share data) 2026 2025 ▪ Flat YoY driven by continued conservative channel inventory management amongst retail partners Revenue $56.4 $56.8 Q2 Gross Margins of 38.8% ▪ Margin improvement of 660 basis points d
Slide 4: Turtle Beach First Half 2026 Overview
TM TURTLE BEACH FIRST HALF 2026 OVERVIEW LEADING SHARE IN THE US TOP SELLING BRAND TRANSFORMATION GAMING HEADSET MARKET PRODUCTS REINVENTING GAMER NEW RETAIL IN THE GAMING ENGAGEMENT EXPANDED PLACEMENTS PERIPHERALS PRODUCT MARKET EXPANDED LINEUP INCLUDING PIPELINE WITH ~50% MORE NINTENDO NEW LAUNCHE
Slide 5: Unlocking Potential in the $11.2 Billion Accessories Market
UNLOCKING POTENTIAL IN THE $11.2 BILLION ACCESSORIES MARKET STRENGHTENING TURTLE BEACH’S POSTION AS A LEADING 3 RD PARTY GAMING ACCESSORIES MAKER HEADSETS HEADSETS CONTROLLERS PC PERIPHERALS SIMULATION $2.9B $ 3 .0 B $ 3 .9B $ 1.4 B Market Market Market Market Continue Leadership Leadership in in Gr
Slide 6: Long-Term Growth Remains The Guiding Principle
LONG -TERM GROWTH REMAINS TM THE GUIDING PRINCIPLE 2026 Guidance Net Revenue Adj. EBITDA Guidance considers a return to growth $335M – $355M $44M – $48 M for gaming accessories markets in 2026 and positive momentum for Turtle Beach - Expanded product pipeline - - Brand transformation underway - Long
Slide 7: Balance Sheet Summary
BALANCE SHEET SUMMARY Balance Sheet Highlights $ Millions As of June 30th, 2026 Cash & Cash Equivalents $19.6 Inventory $56.5 R evolving Credit Facility $0.0 Term Loan $83.9 Net Debt (debt less cash) $64.4 In April 2026, Turtle Beach refinanced credit facilities to enhance capital return flexibility
Slide 8: GAAP Net Income To Adjusted EBITDA Reconciliation
GAAP NET INCOME TO TM ADJUSTED EBITDA RECONCILIATION SECOND QUARTER 2026 COMPARED TO 2025 Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (in thousands) 2026 2025 2026 2025 Net Loss ($7,311) ($2,931) ($22,517) ($3,595) Interest expense, net 3,666 2,049 5,035 4,055 Depreciatio
Slide 9: New Products & Highlights
NEW PRODUCTS & HIGHLIGHTS 9
Slide 10: Stealth Pro II: A Legacy Of Audio
STEALTH PRO II: A LEGACY OF AUDIO TM ELITE SOUND AND COMFORT GAME TYRANT THE TECHNE 9.5/10 “BEYOND THE GOLD HIGHLY STANDARD ” RECOMMENDED “Turtle Beach Has Nailed The Headset Game. A True Winner!” GAMING TREND 100/100 “The Go -To High -End Gaming Headset, No Matter Your Platform Or Use Case Scenario
Slide 11: Command Series: Your Command. Your Control.
COMMAND SERIES: YOUR COMMAND. YOUR CONTROL. TOTAL CONTROL FOR PC GAMING GStyle Turtle Beach Command Series KB7 & KP7 “The Command Series is not attempting to be another An All - New Command Ecosystem premium gaming keyboard, it’s aiming to become the Turtle Beach expands its PC portfolio with the ce
Slide 12: Stealth Pro: Wireless Nintendo Headset
STEALTH 500 : TM TM WIRELESS NINTENDO HEADSET TM FIRST OFFICIALLY LICENSED WIRELESS HEADSET FOR THE NINTENDO SWIT CH 2 Pre - Order: July 8, 2026 Launch: August 6, 2026 12
Slide 13: Switch 2 Just Got An Expansion
SWITCH 2 JUST GOT AN EXPANSION TM FROM CASUAL PLAY TO GAME NIGHT LEGENDS REMATCH® WIRELESS Iconic character designs illuminate with unique RGB lighting! TM PLAYTREK TRAVEL CASE Matching case designs letting you game and travel in style! Pre -Order: July 8, 2026 Launch: August 6, 2026 13
Slide 14: Pacific Skyline Controller
PACIFIC SKYLINE CONTROLLER OFFICIALLY LICENSED XBOX CONTROLLER “Gear isn’t just a hardware game anymore. Ushering in its new lifestyle chapter, Turtle Beach’s new rollout is about more than just performance, but creating a controller that’s tapped into culture across the board” HYPEBEAST Launched: M
Slide 15: VelocityOne H.O.T.A.S. And Sim Mount: Take Flight
VELOCITYONE H.O.T.A.S. AND SIM MOUNT: TAKE FLIGHT TM SERIOUS ENGINEERING, FOR SERIOUS FUN THE XBOX ® HUB HEADLINE "These latest products represent another significant step forward - designed to appeal to both newcomers and dedicated simulation enthusiasts" Pre - Order: July 23, 2026 Launch: Sep 21,
Slide 16: Contacts
CONTACTS Investor Information: Corporate Communications ICR & Media: TBCH@icrinc.com Kim DeNapoli SVP, Head of Brand Turtle Beach Corporation kim.denapoli@turtlebeach.com 16