Turtle Beach Corporate Overview

GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION TWELVE MONTHS ENDED DECEMBER 31, 2022 Twelve Months Ended December 31, 2022 Adj Amortization $ $ (2,359) 2,359 Net revenue Cost of revenue Gross Profit As Reported $ 240,166 Adj Depreciation $ 190,979 49,187 Adj Stock Compensation Adj Other (1) EBITDA $ 240,166 (434) (9,763) 178,423 434 9,763 61,743 Operating expenses 100,667 (2,220) (1,238) (7,550) (10,922) 78,737 Operating income (51,480) 4,579 1,238 7,984 20,685 (16,994) Interest expense 1,220 Other non-operating expense (income), net 1,753 1,753 Income (loss) before income tax Income tax benefit Net income (Loss) (54,453) 5,093 $ (59,546) 1. Other includes certain business acquisition costs and non-recurring business costs Adjusted EBITDA $ (18,747) 31

View entire presentation