- Mattel on Friday said that its first-quarter gross revenue will be lower year-over-year.
- The toymaker also posted disappointing guidance for its full-year adjusted EBITDA.
- The company said in October that its business and the whole toy industry suffered from President Donald Trump's tariffs against China.
- Watch Mattel trade live.
Mattel , the second-largest toymaker behind Hasbro, said Friday that its earnings will be weaker than investors had expected this year. Shares dropped 16.97% to $14.02 apiece, booking their biggest intraday loss since 2017.