Turtle Beach Shares Slide After 2025 Outlook, 4Q Results Miss Estimates

Dow Jones
14 Mar
 

By Connor Hart

 

Shares of Turtle Beach fell after the company's 2025 outlook missed Wall Street's expectations, dragged down by a slowdown in gaming-accessory markets and the effect of tariffs.

The stock lost one-fifth of its value in after-hours trading Thursday, falling 20%, to $11.50. Shares are up 2.4% in the past year, though they are down 20% in the past three months.

The White Plains, N.Y., company, whose products include gaming headsets and controllers, after the bell said it expects revenue of $395 million to $405 million for the year, missing the $425.7 million that analysts polled by FactSet expect.

It also guided for adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--of $68 million to $72 million, which it said includes the effect of newly introduced international tariffs. Analysts modeled adjusted Ebitda of $67.4 million.

Turtle Beach's outlook came as it posted higher revenue and profit in the fourth quarter, though results missed analysts estimates.

The company posted a profit of $20.1 million, compared with $8.6 million a year earlier. Quarterly earnings of 95 cents a share came in below the $1.09 a share that analysts surveyed by FactSet expected.

Revenue jumped 47%, to $146.1 million, but missed the $152.7 million that analysts modeled.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

March 13, 2025 19:09 ET (23:09 GMT)

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