Mattel shares plunge as Hasbro gains on digital gaming strength

Mattel shares plummeted Wednesday following a weak forecast and inventory woes. Hasbro saw gains as its digital gaming division offset traditional toy declines.

洞察:
Today, February 11, 2026, the US USUS toy industry witnessed a dramatic divergence in market performance as two leading manufacturers, Hasbro, Inc. and Mattel, Inc. , released disappointing financial forecasts for 2026. Despite the lowered outlooks, Hasbro shares climbed as much as 9%, while Mattel stock plummeted approximately 30% in premarket trading, positioning the company for its most severe intraday decline in more than forty years. This split in investor sentiment highlights a widening strategic gap between companies leveraging digital gaming and those reliant on a softening market for traditional toys.
People walk by a Barbie building at Mattel Design Center in El Segundo, California, U.S., February 22, 2024. REUTERS/Mario Anzuoni
People walk by a Barbie building at Mattel Design Center in El Segundo, California, U.S., February 22, 2024. REUTERS/Mario Anzuoni
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