Slide 1: Investor Presentation
INVESTOR PRESENTATION NASDAQ: TBCH | MAY 2026
Slide 2: Safe Harbor Statement & Important Information
SAFE HARBOR STATEMENT & IMPORTANT INFORMATION Forward -Looking Information and Statements 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 release, s
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 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 THE names brand BEST in- SELLING gaming. 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 th
Slide 6: Industry Fundamentals
Billy/Veenu to Review INDUSTRY FUNDAMENTALS KEY DYNAMICS & GROWTH DRIVERS WITHIN GAMING & ACCESSORIES • An Expanding Global Gaming Market: The global gaming market is growing, fueling continued demand for high -quality gaming accessories • Technological Advancements: Continuous advancements in techn
Slide 7: The Gaming Market Continues Growing
THE GAMING MARKET CONTINUES GROWING EXPECTING STRONG GROWTH IN THE VIDEO GAME SECTOR (1) GLOBAL VIDEOGAMES MARKET PROJECTIONS MARKET GROWTH AND HIGHER SPENDING IN 2026 is driven by an IMPROVING CONSOLE AND CONTENT ENVIRONMENT . NINTENDO SWITCH 2 debuted in June 2025 and was the best -selling hardwar
Slide 8: Peripheral Market Forecast
Newzoo Source: Newzoo Peripheral MarketPeripheral Forecast, Market June Forecast, 2023 andJune 2023 internal & Internal estimates Estimates updated July updated 2025 July 2025 88
Slide 9: The Market Leader in Gaming Headsets
THE MARKET LEADER IN GAMING HEADSETS FOR THE PAST 16 YEARS & COUNTING # 1 GAMING HEADSET (1) # 1 OVERALL SHARE POSITION (1) PROVIDER FOR XBOX & PLAYSTATION HIGHEST REVENUE & UNIT SHARE STRONG BRAND & REPUTATION AMONG GAMERS, RETAILERS, GAMING INDUSTRY PRODUCT INNOVATION WITH UNIQUE FEATURES, MANY PA
Slide 10: Build the Brand / Expand the Business
SY BUILD THE BRAND ——— @) cQo\ SOCIAL CO) STRATEGY »> SHIFT 2 xr TURTLE BEACH {GY EXPAND THE BUSINESS — WILL LEAD THE | CATEGORY ~ Guam NOT A SOLO ACTIVITY. Salta ab ~ be CONSUMER TARGET GAMING IS EMBEDDED . eS IN CULTURE— LOYALTY NOT SEPARATE FROM IT. PROGRAM ye TURTLE BEACH IS BUILT TO WIN WHERE G
Slide 11: Stealth Pro II
STEALTH PRO II Simwens ceceets Gabe ————\ SINCE LAUNCH \— A G The ery good Turtle Beac! ee Z __ Stealth Pro wireless headset now has a sequel. 9D IGN % ~ ¢ cach reveals the successor to the Stealth Pro, ninja QQ =SOUREE = x : four favorite premium gaming headsets. Qo) ~~. << rae techradar®\ ; —— Ff
Slide 12: Financials & Investor Highlights
FINANCIALS & INVESTOR HIGHLIGHTS 12
Slide 13: First Quarter 2026 Financial Overview
FIRST QUARTER 2026 FINANCIAL OVERVIEW Q 1 Revenue of $ 42.2 M $ Millions YoY decline driven by: Q1 2026 Q1 2025 (except per - share data) ▪ Continued softness in gaming accessories markets that carried over from 2025 ▪ Temporary dip in channel inventory ahead of Revenue $42.2 $63.9 new product launc
Slide 14: Executing a Balanced Financial Strategy
By | 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. Debt Refinancing © Refinanced debt facilities in April 2026 with a revolving ABL of up to $80 m
Slide 15: Balance Sheet Summary
BALANCE SHEET SUMMARY Balance Sheet Highlights $ Millions As of March 31 st, 2026 Cash & Cash Equivalents $12.3 Inventory $64.3 R evolving Credit Facility $0.0 Term Loan $53.6 Net Debt (debt less cash) $41.3 In April 2026 , Turtle Beach refinanced credit facilities to enhance capital return flexibil
Slide 16: Long-Term Growth Remains the Guiding Principle
LONG -TERM GROWTH REMAINS THE GUIDING PRINCIPLE 2026 GUIDANCE Net Revenue Adj. EBITDA $335M – $355M $44M – $48 M Guidance considers a return to growth for gaming accessories markets in 2026 and positive momentum for Turtle Beach • Expanded product pipeline LONG -TERM FINANCIAL TARGETS • Confirmed ne
Slide 17: 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 following several years leading global sales technology direction and long - term growth KEIRN • 30 years in gaming accessories, ORION strategy CEO consumer electronics and automo
Slide 18: Appendix
APPENDIX 18
Slide 19: Gaming Accessories Markets & Products
GAMING ACCESSORIES MARKETS & PRODUCTS 19
Slide 20: Turtle Beach Gaming Headsets
TURTLE BEACH 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 $ 2.9 B (1). Award - Winning Multiplatform Headsets Turtle Beach's multiplatform gaming headset
Slide 21: A Complete Portfolio of Gaming Headsets
A COMPLETE PORTFOLIO OF GAMING HEADSETS ENABLES CONSUMER CHOICE FROM ENTRY -LEVEL TO ULTRA -PREMIUM 40 mm Wired Memory Wireless+ A.I. Based Mic Hi -Fidelity 24 -Bit 60 mm Eclipse Certified Speakers Multiplatform Foam Bluetooth® Noise Reduction Audiophile Sound Dual Drivers Hi -Res Audio Performance
Slide 22: Growing Turtle Beach Leadership in Controllers
GROWING TURTLE BEACH LEADERSHIP IN CONTROLLERS TURTLE BEACH CONTINUES EXPANDING IN THE GLOBAL $ 4.4 B 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 Simulatio
Slide 23: Gaming Simulation Accessories
GAMING SIMULATION ACCESSORIES $ 1.4 B Simulation Accessories Markets The market for flight sim hardware makes up about $ 400 M (1) in global market opportunity. Racing sim adds about $I. 0 B (1). Flight Sim Community Engagement In 2026 , Turtle Beach is focused on strengthening community engagement
Slide 24: 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 $ 3.9 B (1). Award - Winning Product Line New Turtle Beach -brande
Slide 25: GAAP Net Income to Adjusted EBITDA Reconciliation
GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION FIRST QUARTER 2026 COMPARED TO 2025 Three Months Ended March 31, March 31, (in thousands) 2026 2025 Net Loss ($15,206) ($664) Interest expense, net 1,369 2,006 Depreciation and amortization 2,893 3,126 Stock -based compensation 1,365 1,912 Income tax
Slide 26: Contacts
CONTACTS Investor Information: Corporate Communications & Media: ICR Kim DeNapoli TBCH@icrinc.com SVP, Head of Brand Turtle Beach Corporation kim.denapoli@turtlebeach.com