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.
