Quarterly ResultMay 1, 2026, 04:14 PM
Mattel Q1 Net Income $61M, EPS $0.21; Acquires Mattel163
AI Summary
Mattel reported a net income of $61.0 million, or $0.21 per basic share, for Q1 2026, a significant improvement from a net loss of $40.3 million in Q1 2025. Net sales increased to $862.2 million from $826.6 million year-over-year. The company completed the acquisition of the remaining 50% equity interest in Mattel163 Limited for $178.6 million, recognizing a $147.9 million gain from remeasurement. Mattel also repurchased $200 million in shares during the quarter and issued $600 million in new senior notes.
Key Highlights
- Acquired remaining 50% equity in Mattel163 for $178.6M on March 2, 2026.
- Recognized $147.9M gain from remeasuring previously held Mattel163 equity interest.
- Q1 2026 Net Income was $61.0M, a swing from $(40.3)M net loss in Q1 2025.
- Basic EPS was $0.21 in Q1 2026, compared to $(0.12) in Q1 2025.
- Net Sales increased to $862.2M in Q1 2026 from $826.6M in Q1 2025.
- Operating Loss widened to $(102.7)M in Q1 2026 from $(53.0)M in Q1 2025.
- Repurchased $200M of shares in Q1 2026, up from $160M in Q1 2025.
- Issued $600M 5.000% Senior Notes due Nov 2030, redeeming 2021 notes.