Turtle Beach Corporation · NASDAQ:TBCH
Turtle Beach — Investor Presentation (August 2026)
28 slides from Turtle Beach's investor presentation, August 2026
Slide 1: Investor Presentation
TM CORPORATION INVESTOR PRESENTATION NASDAQ: TBCH | August 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 presenta
Slide 3: Named a Top 5 Consumer Electronics Brand for Gaming Hardware & Peripherals
NAMED A TOP 5 CONSUMER ELECTRONICS BRAND FOR GAMING HARDWARE & PERIPHERALS Time.com October 2024 / https:// time.com /collection/worlds -best -brands -2024 3
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS TM Continued Market Leadership Operational Excellence in the Growing Games Industry Brand Transformation Underway Expanded Innovation Pipeline Focused Capital Allocation Strategy Experienced Leadership Committed to Enhancing Shareholder Value 4
Slide 5: Turtle Beach Is…
TURTLE BEACH IS… THE BEST - SELLING GAMING HEADSET BRAND for the past 16 years (1) , and one of the most recognized brand names in gaming. A TOP 5 GAMING ACCESSORIES LEADER in the $11.2B multi -category global gaming accessories (2) market. ▪ Gaming Headsets Life -To -Date ~86 -million Turtle Beach
Slide 6: Industry Fundamentals
INDUSTRY FUNDAMENTALS ▪ An Expanding Global Gaming Market: The global gaming market is growing, fueling continued demand for high -quality gaming accessories ▪ Technological Advancements: Continuous advancements in technology are essential for enhancing the gaming experience ▪ Customization & Person
Slide 7: Robust Growth Projections in the Video Games Sector
ROBUST GROWTH PROJECTIONS IN THE VIDEO GAMES SECTOR (1) 200 ▪ NINTENDO SWITCH 2 debuted in June 2025 and was the best - selling hardware platform for Q1 2026. Switch 2’s momentum as the best - selling hardware platform continues across units and dollars for June and YTD 2026. (2) 150 ▪ Near term har
Slide 8: Unlocking Potential in the $11.2 Billion Accessories Market
UNLOCKING POTENTIAL IN THE $11.2 BILLION ACCESSORIES MARKET STRENGHTENING TURTLE BEACH’S POSITION 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 G
Slide 9: The Market Leader in Gaming Headsets
THE MARKET LEADER IN GAMING HEADSETS FOR THE PAST 16 YEARS AND COUNTING #1 OVERALL SHARE POSITION [1} #1 GAMING HEADSET [1} HIGHEST REVENUE & UNIT SHARE PROVIDER FOR XBOX & PLAYSTATION STRONG BRAND & REPUTATION AMONG GAMERS, RETAILERS, GAMING INDUSTRY U.S. GAMING PRODUCT INNOVATION WITH FEATURES, MA
Slide 10: Stealth Pro 2 Launch Press Coverage
TURTLE lie BEACH ——(SINGE LAUNCH )—— CULTR techradord\ ISOURGE <3IGN) THEVERGE GIMINGTREND | THE xe0xHUB DAYONE MPIST SOUNDGUYS GSIYLE 141M +-- IMPRESSIONS 17+ ARTICLES | &¢ Turtle Beach reveals the | successor to the Stealth Pro, “A New Flagship For one of our favorite premium Elite Gaming Audio” g
Slide 11: The Shift: A Brand & Consumer Transformation
A BRAND & CONSUMER TRANSFORMATION BUILD THE BRAND FROM BRAND IDENTITY HARDCORE TO MAINSTREAM THE SOCIAL STRATEGY CULTURE MAINSTREAM GAMERS SHIFT TURTLE BEACH PARTNERSHIPS & EXPERIENCES EXPAND THE BUSINESS ARE NOW THE GROWTH ENGINE. WILL LEAD THE CATEGORY EXPANDED GAMING IS A SOCIAL BEHAVIOR. FROM PE
Slide 12: 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:
Slide 13: Stealth 500 Wireless Nintendo Headset
STEALTH 500 : TM WIRELESS NINTENDO HEADSET TM TM FIRST OFFICIALLY LICENSED WIRELESS HEADSET FOR THE NINTENDO SWIT CH 2 Pre - Order: July 8, 2026 Launch: August 6, 2026 13
Slide 14: Financials & Investor Highlights
FINANCIALS & INVESTOR HIGHLIGHTS 14
Slide 15: 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 16: Executing a Balanced Financial Strategy
EXECUTING A BALANCED FINANCIAL STRATEGY As the Business continues generating meaningful cash flow, Turtle Beach has employed a capital allocation strategy that focuses on enhancing shareholder value Capital Allocation • Repurchased $25 million of shares during Q2 2026 • Stock repurchase program to r
Slide 17: 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 18: 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 19: Meet Turtle Beach's Leadership Team
MEET TURTLE BEACH'S LEADERSHIP TEAM CRIS Joined in 2013 & named CEO in 2024 STORM Joined in 2024 & shapes Turtle Beach's KEIRN following several years leading global sales ORION technology direction and long -term growth CEO 30 years in gaming accessories, SVP, strategy consumer electronics and auto
Slide 20: Gaming Accessories Markets & Products
GAMING ACCESSORIES MARKETS & PRODUCTS 20
Slide 21: Turtle Beach Gaming Headsets
TURTLE BEACH TM GAMING HEADSETS Turtle Beach is the leading maker of multiplatform gaming headsets $2.9B Gaming Headsets Market The total addressable market for gaming headsets for consoles and PC is roughly $2.9B (1). Award - Winning Multiplatform Headsets Turtle Beach's multiplatform gaming headse
Slide 22: A Complete Portfolio of Gaming Headsets
A COMPLETE PORTFOLIO TM OF GAMING HEADSETS 40 mm Wired Memory Wireless+ A.I. Based Mic Hi -Fidelity 24 -Bit 60mm Eclipse Certified Speakers Multiplatform Foam Bluetooth® Noise Reduction Audiophile Sound Dual Drivers Hi -Res Audio ENABLES Performance CONSUMER Flip -To -Mute Choice FROMSuperhuman Glas
Slide 23: Growing Turtle Beach Leadership in Controllers
GROWING TURTLE BEACH TM LEADERSHIP IN CONTROLLERS TURTLE BEACH CONTINUES EXPANDING IN THE GLOBAL $4.4B CONTROLLERS & SIM MARKET (1) Turtle Beach is a leading brand in controllers with a broad Catalog of products and licensed partnerships across all gaming Platforms Premium Wireless & Gaming Simulati
Slide 24: Gaming Simulation Accessories
GAMING SIMULATION ACCESSORIES $1.4B Simulation Accessories Markets The market for flight sim hardware makes up about $400M (1) in global market opportunity. Racing sim adds about $I.0B (1). Flight Sim Community Engagement In 2026, Turtle Beach is focused on strengthening community engagement by show
Slide 25: PC Gaming Accessories
PC GAMING ACCESSORIES Turtle Beach continues to expand its line of PC gaming peripherals $3.9B PC Gaming Accessories Market The total addressable market for PC gaming peripherals, including keyboards, mice, and microphones is roughly $3.9B (1). Award - Winning Product Line New Turtle Beach -branded
Slide 26: Appendix
APPENDIX 26
Slide 27: GAAP Net Income to Adjusted EBITDA Reconciliation
GAAP NET INCOME TO ADJUSTED TM 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 28: Contacts
CONTACTS Investor Information: Corporate Communications ICR & Media: TBCH@icrinc.com Kim DeNapoli SVP, Head of Brand Turtle Beach Corporation kim.denapoli@turtlebeach.com 28