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TURTLE BEACH REPORTS STRONG SECOND QUARTER 2021 RESULTS THAT EXCEEDED ITS OUTLOOK Exhibit 99.1 Delivered Record First Half Results and Maintained 2021 Outlook for Record Year White Plains , NY - August 5 , 2021 - Leading gaming accessory maker Turtle Beach Corporation ( Nasdaq : HEAR ) , reported financial results for the second quarter ended June 30 , 2021. The Company is also providing year - to - date performance alongside its second quarter summary results given the unusual quarterly dynamics in 2020 and 2021 . Second Quarter and First Half 2021 Summary vs. Year - Ago Period : Second quarter net revenue was $ 78.6 million compared to $ 79.7 million a year ago ; first half 2021 net revenue was up 50 % ; Second quarter net income of $ 1.7 million , or $ 0.09 per diluted share , compared to net income of $ 8.2 million , or $ 0.51 per diluted share ; first half 2021 net income was up 127 % ; Second quarter adjusted EBITDA was $ 5.0 million compared to $ 12.9 million ; first half 2021 adjusted EBITDA was up 98 % ; and Cash balance grew to $ 56.2 million compared to $ 21.2 million as of June 30 , 2020 . Management Commentary " Our excellent second quarter performance exceeded our net revenue and adjusted EBITDA outlook and produced a record first half , showcasing our ability to execute across our business even against tough comps where we outperformed the market in the year ago quarter , " said Juergen Stark , CEO , Turtle Beach . " Our results continue to demonstrate skillful execution across our business as demand for our console gaming headsets and PC accessories remain strong . We did this while launching many new products across our console headsets and PC accessories during the quarter . Further , our announced entry into game controllers and gaming simulation hardware has been well - received and expands our portfolio into two rapidly growing markets , providing us with a significant opportunity to drive additional growth . " We are riding on multiple , positive long - term trends as gaming accessory demand remains strong . Both Microsoft and Sony announced the new consoles set records despite supply constraints . NPD reported that US sales of PC headsets , keyboards , and mice rose approximately 40 % in the first half of 2021 year - over - year , and ROCCAT grew by approximately 200 % 1 during the same time , reflecting the impact of our expanding line of PC accessories and strength of our market presence . " 1 The NPD Group / Retail Tracking Service / Dollars and Units / US- Tech POS Monthly / YTD 2021 update