Earnings Per Share

3 Months Ended

Mar. 31, 2026

The following table reconciles basic and diluted earnings per common share for the three months ended March 31, 2026 and 2025:


	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands, except per share amounts)
Basic:
Net income (loss)	$	61,030	$	(40,319)
Weighted-average number of common shares	297,493		327,493
Basic net income (loss) per common share	$	0.21	$	(0.12)

Diluted:
Net income (loss)	$	61,030	$	(40,319)
Weighted-average number of common shares	297,493		327,493
Dilutive share-based awards (a)	3,475		—
Weighted-average number of common and potential common shares	300,968		327,493
Diluted net income (loss) per common share	$	0.20	$	(0.12)

(a)For the three months ended March 31, 2026, share-based awards totaling 4.5 million were excluded from the calculation of diluted net income per common share because their effect would be antidilutive. Mattel was in a net loss position for the three months ended March 31, 2025, and, accordingly, all outstanding share-based awards totaling 9.3 million were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.