Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2026

The following table reconciles basic and diluted earnings per common share for the three and six months ended June 30, 2026 and 2025:


	For the Three Months Ended				For the Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
	(In thousands, except per share amounts)
Basic:
Net (loss) income	$	(18,215)	$	53,352	$	42,815	$	13,033
Weighted-average number of common shares	288,930		323,529		293,200		325,505
Basic net (loss) income per common share	$	(0.06)	$	0.16	$	0.15	$	0.04

Diluted:
Net (loss) income	$	(18,215)	$	53,352	$	42,815	$	13,033
Weighted-average number of common shares	288,930		323,529		293,200		325,505
Dilutive share-based awards (a)	—		2,003		2,492		2,999
Weighted-average number of common and potential common shares	288,930		325,532		295,692		328,504
Diluted net (loss) income per common share	$	(0.06)	$	0.16	$	0.14	$	0.04

(a)Mattel reported a net loss for the three months ended June 30, 2026, and, accordingly, all outstanding share-based awards totaling 9.4 million common shares were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive. For the six months ended June 30, 2026, share-based awards totaling 7.1 million common shares were excluded from the calculation of diluted net income per common share because their effect would be antidilutive. For the three and six months ended June 30, 2025, share-based awards totaling 6.3 million common shares and 6.5 million common shares, respectively, were excluded from the calculation of diluted net income per common share because their effect would be antidilutive.