Market-leading gaming headset manufacturer Turtle Beach has seen its quarterly revenues rocket by 107 per cent.
Its results for the third quarter of 2018 show revenues of $74.4 million, up 107 per cent from last year’s equivalent figure of $36.6 million. In the same period, it saw net income of $14.4 million, in marked contrast to a net loss of $500,000 for the third quarter of 2017.
Turtle Beach’s stunning 2018 financial performance can be attributed to the rise in popularity of Battle Royale games: for the gaming headset market overall, according to Gamesindustry.biz, sell-through of gaming headsets was up 84 per cent in September 2018 compared to September 2017.
Turtle Beach CEO Juergen Stark said: “We delivered another quarter of considerable growth and record profits, both compared to last year and our prior outlook. This growth is driven by market share gains from a great portfolio of innovative products that enhance gameplay for all levels of gamers in a strong overall console gaming market. Given our impressive results, and our expectation of a continued strong console headset market in the upcoming holiday season, we are raising our fourth quarter and 2018 financial outlook.”
Turtle Beach has recently launched a raft of new headsets, including the Atlas Series for PC gamers and a new flagship, the Elite Pro 2. For more information, head to the Turtle Beach website.