JAKKS Pacific reported its Q4 2022 and full-year 2022 financial results, marking its second consecutive year of 20+% sales growth. Despite a 30% YoY decrease in Q4 net sales, the company saw growth in all of its top 10 markets, along with growth in the North American segment, up 26%, and international segment, up 28%, over the full year. Additionally, JAKKS Pacific reduced its long-term debt by 55% YoY, with adjusted EBITDA levels reaching a high of $76.4 million (9.6% of net sales) for the full year, making it the highest year since 2010. JAKKS Pacific CEO Stephen Berman expressed optimism about the company's performance and strong retail sell-through for its products, while pointing to higher costs in domestic fulfillment operations in H2 2022 that suppressed its overall full-year margins. Going forward, Berman is confident in the company's new lineup of product launches for 2023 and focused on capturing margin improvement opportunities. However, investors should note that this release contains forward-looking statements that are based on current expectations, estimates, and projections and come with inherent risks, uncertainties, and assumptions.