Shares of Barbie-maker Mattel plunged 25% on Wednesday following a massively disappointing after-the-bell earnings call the day before.
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The secret ingredients to Lego’s success? A clutch of licensing deals and finding ways to sell Lego sets to kids well over the age of 30.
Danish company Lego reported generating $4.65 billion in revenue for the first half of 2024, up 13% from a year earlier.