Mattel, Inc. (MAT) Q1 2026 Earnings Call Transcript

Operator

Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mattel, Inc. First Quarter 2026 Earnings Conference Call.

[Operator Instructions] I would now like to turn the call over to Jen Kettnich, Vice President and Head of Investor Relations for Mattel. Jen, please go ahead.

Jennifer Kettnich

Thank you, operator, and good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel’s Chairman and Chief Executive Officer; and Paul Ruh, Mattel’s Chief Financial Officer. This afternoon, we reported Mattel’s First Quarter 2026 financial results. We will begin today’s call with Ynon and Paul providing commentary on our results, after which, we will provide some time for questions.

Please note that during the question-and-answer session, we respectfully ask that you limit to one question and one follow-up so that we can get to as many analysts and questions as possible today.

Today’s discussion, earnings release and slide presentation may reference certain non-GAAP financial measures and key performance indicators, which are defined in the slide presentation and earnings release appendices. Please note that gross billings figures