Categories AlphaGraphs, Earnings, Industrials

MAT Earnings: Highlights of Mattel’s Q4 2023 financial results

Toy maker Mattel, Inc. (NASDAQ: MAT) has reported a double-digit increase in sales and adjusted earnings for the fourth quarter of 2023., aided by strong growth in gross billings.

Mattel Q4 2023 Earrings infographic

The company said its net sales increased 16% year-over-year to $1.62 billion in the fourth quarter when total gross billings rose sharply by 18% to $1.84 billion.

The top-line growth translated into a 61% jump in adjusted earnings to $0.29 per share during the three months. Unadjusted profit more than doubled to $147.3 million or $0.42 per share.

“As we look to 2024, we believe we are very well positioned competitively and will continue to outpace the industry and gain market share,” said Mattel’s CEO Ynon Kreiz.

Prior Performance

  • Mattel-Q4-2022-Earnings-Infographic

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