I received these specific headphones as a birthday gift, and as a Razer fan, I found them to be a very nice addition. For a budget option, what you pay is what you get, and I wouldn't say they were terrible in terms of sound performance. Unfortunately, the budget cost has sacrificed the most important thing of all: durability.
The Kraken X Lite is completely made of plastic, and unfortunately not of very high quality that many have mentioned. Especially when we talk about the plastic between the speakers and the headband. Apart from the low-quality material, they are also thin, which puts them at a great risk of breaking. And after a year of use, the plastic broke. The speakers of the headphones were working fine, but I couldn't adjust how much I would open them, and I had to use the cable that carried the sound to hold them, which besides being a temporary solution, also caused some damage to the cable itself. Especially for a big name brand like Razer, it is beyond unacceptable.
In conclusion, it may be a budget choice, but I find it difficult to recommend it to others. It's better to invest for a better headset with a stronger durability than buy this.