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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