Slide 1: Earnings Presentation First Quarter 2026
EARNINGS PRESENTATION FIRST QUARTER 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,
Slide 3: First Quarter 2026 Financial Overview
FIRST QUARTER 2026 FINANCIAL OVERVIEW Q1 Revenue of $ 42.2M $ 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 launches
Slide 4: Turtle Beach First Quarter 2026 Overview
FIRST QUARTER 2026 OVERVIEW TURTLE BEACH FIRST QUARTER 2026 OVERVIEW Will be tackled in am Circana, LLC, Retail Tracking Service, US, Video Games, Gaming Accessories, Headsets & Headphones, Turtle Beach & PDP combined, Dollar share & Dollar Share Point Change, Jan – Mar 2026 v. Jan-Mar 2025 1. Circa
Slide 5: 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 6: Balance Sheet Summary
BALANCE SHEET SUMMARY Balance Sheet Highlights $ Millions As of March 31st, 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 flexibilit
Slide 7: Newzoo Market Forecast
Newzoo Source: Newzoo Peripheral MarketPeripheral Market Forecast, June Forecast, 2023 June 2023 and internal & Internal estimates Estimates updated updated July 2025 July 2025 77
Slide 8: Appendix
APPENDIX 88
Slide 9: 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 10: New Products & Highlights
NEW PRODUCTS & HIGHLIGHTS 10
Slide 11: Stealth Pro II: A Legacy of Audio
STEALTH PRO II: A LEGACY OF AUDIO ELITE SOUND AND COMFORT Turtle Beach reveals the successor to the Stealth Pro, one of our favorite premium gaming headsets, featuring CrossPlay 2.0 multiplatform switching and Dolby Atmos. 1111
Slide 12: Command Series: Your Command. Your Control.
COMMAND SERIES: YOUR COMMAND. YOUR CONTROL. TOTAL CONTROL FOR PC GAMING “For streamers bouncing between a game and broadcast software, it removes a good chunk of extra hardware and window -switching.” An All - New Command Ecosystem Turtle Beach expands its PC portfolio with the launch of the Command
Slide 13: Switch 2 Just Got an Expansion
SWITCH 2 JUST GOT AN EXPANSION FROM CASUAL PLAY TO GAME NIGHT LEGENDS REMATCH WIRELESS Iconic character designs with RGB lighting for the first time! “Some of the coolest lighting effects I've seen on a controller” “Turtle Beach’s new accessories surprised me with vibrant, personality -filled design
Slide 14: Legendary Street Fighter Designs
LEGENDARY STREET FIGHTER DESIGNS FOR GAMERS GOING PRO OR CELEBRATING THEIR STREET FIGHTER PASSION VICTRIX PRO KO EVO Award – winning “Best Tech” leverless returns with a nostalgic Street Fighter 2 look. VICTRIX TOURNAMENT BACKPACK Built to carry, protect, and organize competitive gaming gear on the
Slide 15: Contacts
CONTACTS Investor Information: Corporate Communications & Media: ICR Kim DeNapoli TBCH@icrinc.com SVP, Head of Brand Turtle Beach Corporation kim.denapoli@turtlebeach.com