Mattel Inc. Reports Q4 Net Loss of $197M, Down 22% YoY (MAT)

Net income for The Walt Disney Company's toy unit, MAT, fell to a loss of $197 million in the fourth quarter ended January 31, 2026, down 22% year-over-year. Revenue declined 10% to $2.18 billion, pressured by softness in holiday sales and supply chain disruptions. The company attributed the results to a shift in consumer spending and reduced promotional activity. Management expects Q1 to reflect continued pricing pressure and margin compression.