Mattel shares fell after the company reported first-quarter earnings and paused its financial guidance. The toymaker beat analyst expectations with $827 million in first-quarter revenue and a smaller-than-expected adjusted loss of three cents per share, according to Benzinga Pro. CEO Ynon Kreiz said the company had a strong quarter, highlighting brand strength, market performance, and a solid balance sheet supporting its strategy. Kreiz said it is adapting to macroeconomic volatility with agility and discipline, aiming to emerge stronger competitively. Mattel paused its full-year 2025 guidance due to economic uncertainty and changing U.S. tariffs, stating it will resume guidance when conditions are clearer.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Metel shares fell to the company reported first quarter earnings and paused its financial guidance.
00:07Toymaker beat analysts' expectations with $827 million in first quarter revenue
00:11and a smaller than expected adjusted loss of three cents per share, according to Benzinga Pro.
00:16CEO Nan Kreese said the company added a strong quarter,
00:19highlighting brand strength, market performance, and a solid balance sheet supporting its strategy.
00:25Kreese said that it is adapting to macroeconomic volatility with agility and discipline,
00:29aiming to emerge stronger competitively and sell positive's full-year 2025 guidance
00:33due to economic uncertainty and changing U.S. tariffs,
00:37stating it will resume guidance when conditions are clear.
00:39For all things money, visit Benzinga.com slash GSTV.