Net income of Mattel under GAAP for 3 months of 2022 was $21.5 million, compared to a loss of $112.4 million in the previous year. Revenue increased 19.1% to $1.041 billion from $0.874 billion a year earlier.

Mattel is considering selling the company, sources told Reuters. Apollo Global Management and L Catterton could be potential buyers. The company did not comment on details.

Mattel's GAAP net income for 2021 was $903 million, up 7.3 times from $123.6 million in the previous year. Revenue increased 19% to $5.458 billion from $4.588 billion a year earlier.

Mattel has entered into an agreement with Disney for the license rights to the Disney Princess and Frozen franchises. This will allow the company to develop and produce dolls of Disney characters, including Aladdin, Beauty and the Beast, Cinderella, The Little Mermaid, Mulan, Pocahontas and others. The new collection is expected to be available worldwide in...