Mattel, Inc. (MAT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.227 Hello and thank you for standing by. My name is 00:00:44.227 -- 00:00:46.249 And good afternoon, everyone. 00:00:46.249 -- 00:00:51.635 Joining me today are Enon Crise, Mattel's Chairman and Chief Executive Officer, 00:00:51.635 -- 00:00:55.359 and Paul Roux, Mattel's Chief Financial Officer. 00:00:55.359 -- 00:01:00.384 This afternoon, we reported Mattel's fourth quarter and full year 2025 financial 00:01:00.384 -- 00:01:02.384 results. 00:01:02.446 -- 00:01:07.512 We will begin today's call with Enon and Paul providing commentary on our results, after 00:01:07.512 -- 00:01:10.214 which we will provide some time for questions. 00:01:10.214 -- 00:01:14.720 Please note that during the question and answer session, we respectfully ask that you 00:01:14.720 -- 00:01:19.846 limit to one question and one follow-up so that we can get to as many analysts and questions 00:01:19.846 -- 00:01:22.370 as possible today. 00:01:22.370 -- 00:01:27.476 Today's discussion, earnings relief, and slide presentation may reference certain 00:01:27.476 -- 00:01:32.222 non-GAAP financial measures and key performance indicators, which are defined in the 00:01:32.222 -- 00:01:35.982 slide presentation and earnings relief appendices. 00:01:35.982 -- 00:01:40.547 Please note that gross billings figures referenced on this call will be stated in constant 00:01:40.547 -- 00:01:43.831 currency unless stated otherwise. 00:01:43.831 -- 00:01:48.857 Our earnings release, slide presentation, and supplemental non-GAAP information 00:01:48.857 -- 00:01:54.681 can be accessed through the investors section of our corporate website, corporate.matel.com, 00:01:54.743 -- 00:01:59.949 and the information required by Regulation G regarding non-GAAP financial measures, 00:01:59...