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A month has gone by since the last earnings report for Mattel (MAT - Free Report) . Shares have added about 1.2% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Mattel due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Mattel Q2 Earnings Miss Estimates on Costs, Revenues Beat on VehiclesMattel reported second-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate but net sales surpassing the same. Revenues improved, while the bottom line declined sharply from the prior-year quarter.

The company posted adjusted earnings of 1 cent per share, down from 21 cents a year earlier. The figure missed the Zacks Consensus Estimate of 3 cents by 66.7%, as higher advertising, selling and administrative expenses and margin pressure weighed on profitability.

Net sales of $1.13 billion increased 10% year over year and surpassed the consensus mark of $1.08 billion by 4.2%. Growth was led by North America, Vehicles and the Action Figures, Building Sets, Games and Other category. Vehicles gross billings rose 11% in constant currency.

MAT’s Sales Rise on Broad Geographic GrowthNorth America net sales increased 12% year over year. International net sales advanced 9% as reported and 5% in constant currency, supporting broad-based top-line growth during the quarter.

Regional gross billings increased in North America, EMEA and Asia Pacific. North America gross billings rose 12% in constant currency to $613 million, while EMEA increased 7% to $363 million. Latin America was comparable at $165 million, and Asia Pacific advanced 4% to $126 million. Management believes U.S. retailer ordering patterns have now largely stabilized.

Mattel’s Vehicles and Games Drive Portfolio GainsWorldwide Vehicles gross billings increased 14% as reported and 11% in constant currency to $463 million, primarily driven by Hot Wheels. The company expects Hot Wheels to achieve its ninth consecutive record year, supported by demand from children and adult collectors.

Action Figures, Building Sets, Games and Other gross billings surged 35% as reported and 33% in constant currency to $358 million. Growth was reflected in Games, including the contribution from Mattel's 163 digital titles, and Action Figures tied to theatrical releases. Mattel Brick Shop also performed well during the quarter.

MAT’s Dolls and Preschool Categories Remain SoftDolls gross billings declined 5% as reported and 7% in constant currency to $318 million, primarily due to lower Barbie sales. Weakness in Barbie and Polly Pocket was partly offset by growth in K-Pop Demon Hunters and Disney Princess and Frozen products. Management expects Barbie to return to growth in 2027.

Infant, Toddler and Preschool gross billings fell 11% as reported and 13% in constant currency to $128 million, mainly reflecting a decline in Fisher-Price. However, Little People delivered high-double-digit growth, aided by new partnerships.

Mattel’s Margins Contract as Spending IncreasesAdjusted gross margin declined 260 basis points year over year to 48.6%. The contraction reflected the gross incremental cost of tariffs, inflation, higher royalties and unfavorable foreign exchange. Contributions from Mattel163, tariff-mitigation efforts and cost savings provided partial offsets.

Advertising expenses increased $45.2 million to $124.3 million, reflecting Mattel163, marketing and engagement activities and strategic investments. Adjusted selling and administrative expenses rose 11% to $383.6 million. Consequently, adjusted operating income declined 60% to $38.8 million, while adjusted EBITDA fell to $95.5 million from $170 million.

MAT’s Cash Position Falls as Buybacks ContinueFor the first six months of 2026, cash flows used for operating activities were $202.1 million, compared with $275.3 million a year earlier. The improvement reflected more favorable working-capital usage, partly offset by lower net income excluding noncash items.

Mattel ended the quarter with $523.9 million in cash and equivalents, $829.8 million in inventories and $2.33 billion in long-term debt. The company repurchased $100 million of shares during the quarter, bringing the year-to-date total to $300 million.

Mattel Reaffirms 2026 Earnings & Sales OutlookManagement reaffirmed its 2026 outlook, projecting constant-currency net sales growth of 3% to 6%. Adjusted gross margin is expected to be approximately 50%, while adjusted operating income is forecast between $580 million and $630 million.

Mattel continues to expect adjusted earnings of $1.27-$1.39 per share and an adjusted tax rate of approximately 24%. The company also reaffirmed its $400 million share-repurchase target for the year.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

VGM ScoresAt this time, Mattel has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Mattel has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerMattel is part of the Zacks Toys - Games - Hobbies industry. Over the past month, Hasbro (HAS - Free Report) , a stock from the same industry, has gained 2.6%. The company reported its results for the quarter ended June 2026 more than a month ago.

Hasbro reported revenues of $1.14 billion in the last reported quarter, representing a year-over-year change of +16.2%. EPS of $1.28 for the same period compares with $1.30 a year ago.

For the current quarter, Hasbro is expected to post earnings of $1.88 per share, indicating a change of +11.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.8% over the last 30 days.

Hasbro has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.

Canada Pension Plan Investment Board acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 254,000 shares of the company’s stock, valued at approximately $3,526,000. Canada Pension Plan Investment Board owned approximately 0.09% of Mattel at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MAT. Sei Investments Co. boosted its holdings in Mattel by 107.3% in the first quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock worth $31,376,000 after acquiring an additional 1,117,726 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Mattel during the second quarter valued at approximately $363,273,000. K.J. Harrison & Partners Inc increased its holdings in shares of Mattel by 1,323.5% during the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock valued at $4,801,000 after acquiring an additional 225,000 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Mattel during the second quarter worth approximately $3,147,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Mattel by 514.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock worth $9,361,000 after purchasing an additional 539,373 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance Shares of Mattel stock opened at $15.14 on Monday. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $14.34 and a 200-day moving average price of $14.93. The company has a market cap of $4.33 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72.

Mattel (NASDAQ:MAT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.32 earnings per share for the current fiscal year. Analysts Set New Price Targets Several research firms recently issued reports on MAT. Argus reissued a “buy” rating and issued a $22.00 price target on shares of Mattel in a research report on Tuesday, August 25th. Roth Capital lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Odeon Capital Group began coverage on shares of Mattel in a research note on Thursday, July 16th. They issued a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Finally, Citigroup reduced their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.80.

Read Our Latest Report on MAT

Mattel Company Profile (Free Report)

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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Mattel's discounted valuation and broader growth engines offer upside potential, but margin pressure and category weakness keep the outlook mixed.

Mattel is giving HUNTR/X singer Rumi the deluxe treatment with the release of a new KPop Demon Hunters fashion doll.

It’s time to find out who really is the most competitive player at family game night. Mattel is putting $50,000 up for grabs at its inaugural UNO Championship.

The competition will bring top UNO players to Los Angeles on November 11 to battle for the grand prize, with a championship game happening later at a yet-to-be-announced location.

To participate, all aspiring contestants need to register through the official championship website and then qualify via the UNO Championship Series Tournament qualifiers, with options available both online and in-person.

If you want to play in person, you can catch a game in Kissimmee, Florida, on Oct. 3, in Chicago on Oct. 10, and in El Segundo, California, on Oct. 17. Only 150 players are allowed to participate, with selection being on a first-come, first-served basis. Winners from each in-person tournament will win a spot to compete in Los Angeles later this fall.

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Those who opt for online versions may enter the weekly free qualifying tournaments held in the UNO! Mobile app from Aug. 31 through Sept. 27. To qualify for the qualifying tournaments, though, participants will need at least 60 in-game trophies and may play up to 20 games per week during the qualifying season.

All participants are also required to be at least 18 years old and legal residents of the US.

The championship follows a series of in-person activations from the brand in a way to keep the legacy card game culturally relevant. In 2025, UNO rolled out the UNO Social Club, a multicity campaign bringing UNO tournaments to bars and venues across the country. 

The early-rate deadline for the Most Innovative Companies Awards is Friday, September 4, at 11:59 p.m. PT. Apply today.

ABOUT THE AUTHOR

María José Gutierrez Chavez is a trending news writer for Fast Company. She was previously the editorial fellow at Inc More

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the world's most iconic brand portfolios, today announced a new release from its premium building brand Mattel Brick Shop™, a highly detailed, 1:1-scale buildable display model of the original Microsoft XBOX console. Created in celebration of the console's 25th anniversary, the collector display piece is available for presale now at select retailers globall.

"Gilmore Girls" Little People Collector Set.

Mattel

Gilmore Girls fans can now revisit Stars Hollow and Little People versions of four characters from the beloved coming-of-age comedy-drama series.

Set in the fictional small town of Stars Hollow, Conn., Gilmore Girls, of course, is a popular series that ran 153 episodes on The WB-turned-The CW network over seven seasons, from 2000 to 2007.

Created by Amy Sherman-Palladino (The Marvelous Mrs. Maisel), Gilmore Girls starred Lauren Graham and Alexis Bledel as mother and daughter Lorelai and Rory Gilmore, while Kelly Bishop starred as Gilmore family matriarch Emily and Scott Patterson played diner owner and Lorelai’s friend (and eventual love interest) Luke Danes.

ForbesBarbie Honors Whitney Houston’s Legacy With Release Of Collector’s DollBy Tim Lammers

Melissa McCarthy also starred in Gilmore Girls as Lorelai’s best friend, Sookie St. James, while Keiko Agena played Rory’s best friend, Lane Kim.

Graham and Bledel reunited for the Netflix four-part miniseries Gilmore Girls: A Year in the Life, in 2016, which examined the Lorelai and Rory’s life over four seasons in one year. Patterson, Bishop and Agena also reprised their roles from the original series for the revival.

"Gilmore Girls" Little People Collector Set.

Mattel

MORE FOR YOU

Now, nearly 20 years after Gilmore Girls came to an end, Mattel is releasing the Little People Collector Gilmore Girls Set, featuring Little People-styled figures of Rory, Lorelai, Emily and Luke. The Little People Collector Gilmore Girls Set retails for $26.99 and is currently available to order on Amazon as an exclusive to the site.

Each of the Gilmore Girls Little People figures is 2 1/2 inches tall. The decorative window box packaging highlights the show’s memorable Stars Hollow Gazebo.

LOS ANGELES, CALIFORNIA - SEPTEMBER 14: (L-R) Alexis Bledel and Lauren Graham speak onstage during the 77th Primetime Emmy Awards at Peacock Theater on September 14, 2025 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)

Getty Images

‘Gilmore Girls’ Earned Several Awards During Its Seven-Season RunGilmore Girls was an awards season favorite during its run on the WB/CW, earning Actor Awards (formerly Screen Actors Guild Awards) nominations for Outstanding Performance by a Female Actor in a Drama Series for Lauren Graham in 2001 and 2002.

Also in 2002, Graham was nominated for Golden Globe Awards for Best Performance by an Actress in a Television Series – Drama.

ForbesMattel Releasing Two New Exclusive ‘Wednesday’ Monster High DollsBy Tim LammersGilmore Girls was also nominated for Favorite Television Drama by the People’s Choice Awards in 2005, and Alexis Bledel was nominated for four acting awards by the Teen Choice Awards and won twice, in 2005 and 2006.

The 77th Primetime Emmy Awards also paid tribute to Gilmore Girls in 2025, where Graham and Bledel appeared to celebrate the 25th anniversary of the beginning of the series.

All seven seasons of Gilmore Girls are currently streaming on Prime Video, as well as on Hulu on Disney+. A documentary about the series is also in the works for HBO Max, according to Variety.

ForbesMegan Moroney Teams Up With American Girl For New Doll And AccessoriesBy Tim Lammers

Posted by Defense World Staff on Aug 12th, 2026

Mattel, Inc. (NASDAQ:MAT – Get Free Report) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.3333.

MAT has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Mattel in a report on Thursday, July 2nd. Citigroup dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Wells Fargo & Company reduced their price objective on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Odeon Capital Group started coverage on Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock.

Read Our Latest Stock Analysis on MAT

Institutional Investors Weigh In On Mattel Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Mattel during the second quarter valued at approximately $363,273,000. EdgePoint Investment Group Inc. raised its holdings in Mattel by 6.0% in the fourth quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company’s stock worth $939,250,000 after purchasing an additional 2,678,482 shares during the period. Alyeska Investment Group L.P. raised its holdings in Mattel by 274.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after purchasing an additional 2,524,123 shares during the period. Norges Bank bought a new position in shares of Mattel during the fourth quarter worth $49,182,000. Finally, Serenity Capital Management PTE. LTD. bought a new position in shares of Mattel during the fourth quarter worth $47,331,000. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Up 2.0% Shares of MAT stock opened at $15.03 on Wednesday. Mattel has a 1 year low of $12.73 and a 1 year high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The business’s fifty day moving average is $14.20 and its 200-day moving average is $15.49. The stock has a market cap of $4.29 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.72.

Mattel (NASDAQ:MAT – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts expect that Mattel will post 1.32 earnings per share for the current fiscal year.

Mattel Company Profile (Get Free Report)

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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By PYMNTS  |  August 5, 2026

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Toy-based films and adult collectors helped drive Mattel’s growth in the second quarter, Mattel Chairman and CEO Ynon Kreiz said during a Tuesday (Aug. 4) earnings call.

Mattel’s net sales were 10% year over year in the second quarter, the global play and family entertainment company reported in a Tuesday press release.

“As it relates to the global toy industry, it grew strongly in the first half, and we expect it to grow for the full year with a toyetic theatrical slate and continued expansion of adult consumers,” Kreiz said during the call.

Demand from both adult collectors and kids contributed to 12% growth of Mattel’s Hot Wheels brand and helped make Vehicles the company’s fastest-growing category. Kreiz said during the call that the company’s collectible diecast business “continues to perform exceptionally well.”

“We see strength with adult fans, which is a growing audience,” Kreiz said of the Hot Wheels brand.

PYMNTS reported in July that toy company Hasbro said its strongest growth in the second quarter came from adult collectors, hobby gamers and longtime fans.

During Tuesday’s earnings call, Kreiz also pointed to the benefits of toy-based films. In film, Masters of the Universe was released in theaters globally and launched on Amazon Prime Video. In its first week on the streaming service, it was the most-watched film on Amazon Prime Video globally and across all streaming platforms in the United States.

Mattel’s next movie, Matchbox The Movie, is set to be released on Apple TV on Oct. 9.

Both movies are supported by a strong product offering. The Masters of the Universe film was accompanied by toys, adult collectibles, apparel, publishing and digital.

“Gross billings for Masters of the Universe has more than tripled year to date, and we expect significant growth this year as a result of the movie and for the brand to be an important action figure franchise for Mattel into the future,” Kreiz said.

Mattel is making progress on its efforts to capture additional value from its intellectual property (IP) through investments in self-published mobile games, building sets, trading cards, D2C, first-party data, and technology and infrastructure, Kreiz said during the call.

In this effort, Mattel leverages both owned and partner IP, according to a presentation released Tuesday.

“These investments are progressing well, and we continue to expect that in aggregate, they will have high ROI [return on investment] with a net positive contribution to the bottom line in 2027 and beyond,” Kreiz said.

Mattel is integrating Mattel163, a former joint venture that it fully acquired in the first quarter, and the company is leveraging that operation’s capabilities to expand its pipeline of future digital games.

Mattel launched its first self-published mobile game, and soft launched its second, Kreiz said. The former is based on Masters of the Universe, while the latter is based on UNO Wild.

Kreiz said during the call that Mattel is “encouraged with the early progress” of UNO Wild and plans a full global commercial launch of the mobile game in early 2027.

Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance products for gamers, strea

Mattel, Inc. (MAT) Q2 2026 Earnings Call August 4, 2026 5:00 PM EDT

Company Participants

Katina Metzidakis
Ynon Kreiz - Executive Chairman & CEO
Paul Ruh - Chief Financial Officer
Roberto Stanichi - President, Chief Marketing & Brand Officer

Conference Call Participants

Arpine Kocharyan - UBS Investment Bank, Research Division
Anthony Bonadio - Wells Fargo Securities, LLC, Research Division
Eric Handler - ROTH Capital Partners, LLC, Research Division
Christopher Horvers - JPMorgan Chase & Co, Research Division
James Chartier - Monness, Crespi, Hardt & Co., Inc., Research Division
Kylie Cohu - Jefferies LLC, Research Division
Gerrick Johnson - Seaport Research Partners
James Hardiman - Citigroup Inc., Research Division
Xian Siew Hew Sam - BNP Paribas, Research Division
Stephen Laszczyk - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Mattel, Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions]

I would now like to turn the call over to Katina Metzidakis, Mattel's Head of Investor Relations. Katina, please go ahead.

Katina Metzidakis

Thank you, operator, and good afternoon, everyone. Joining me today are Ynon Kreiz, Mattel's Chairman and Chief Executive Officer; Paul Ruh, Mattel's Chief Financial Officer; and Roberto Stanichi, Mattel's President, Chief Marketing and Global Brand Officer.

This afternoon, we reported Mattel's second quarter 2026 financial results. We will begin today's call with Ynon and Paul providing commentary on our results, after which we will provide some time for questions. [Operator Instructions]

Today's discussion, earnings release and slide presentation may reference certain non-GAAP financial measures and key performance indicators, which are defined in the slide presentation and earnings release appendices. Please note that gross billings figures referenced on this call will be stated in constant currency unless otherwise stated.

Our earnings release, slide presentation and supplemental non-GAAP information can be accessed through the Investors section of our corporate website, corporate.mattel.com, and the information

Mattel (MAT - Free Report) reported $1.13 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 10.5%. EPS of $0.01 for the same period compares to $0.19 a year ago.

The reported revenue represents a surprise of +4.19% over the Zacks Consensus Estimate of $1.08 billion. With the consensus EPS estimate being $0.03, the EPS surprise was -66.67%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Mattel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Worldwide Gross Billings by Top 3 Power Brands- Barbie: $169 million versus the two-analyst average estimate of $191.83 million. The reported number represents a year-over-year change of -15.8%.Worldwide Gross Billings by Top 3 Power Brands- Other: $589.2 million versus the two-analyst average estimate of $564.21 million. The reported number represents a year-over-year change of +21.6%.Worldwide Gross Billings by Top 3 Power Brands- Fisher-Price: $99.9 million versus $101.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.Worldwide Gross Billings by Top 3 Power Brands- Hot Wheels: $408.8 million compared to the $387.95 million average estimate based on two analysts. The reported number represents a change of +14.4% year over year.View all Key Company Metrics for Mattel here>>>

Shares of Mattel have returned +14% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Mattel has spent years trying to transform into a toy and entertainment company, partnering with movie studios to bring its brands to the big screen. But as it stands, the majority of its revenue still comes from toy sales.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today reported second quarter 2026 financial results.

Ynon Kreiz, Chairman and CEO of Mattel, said: “We continued to execute our multi-year strategy to grow our IP-driven play and family entertainment business in the second quarter with strong growth in Net Sales. Growth has continued in the third quarter, and we expect to achieve our full year 2026 guidance. Our world-class brand portfolio and product offering, driven by our brand-centric operating model and global capabilities, position us well for the second half of the year.”

Paul Ruh, CFO of Mattel, added: “Mattel achieved further savings from our three-year Optimizing for Profitable Growth program, which is on track to achieve $225 million of savings by year-end. In line with our capital allocation priorities, we are making strategic investments to accelerate growth and repurchased another $100 million of shares in the quarter, bringing the year-to-date total to $300 million of shares, and we continue to expect repurchases of $400 million in total this year, while maintaining a strong balance sheet.”

Second Quarter Financial Overview

Net Sales

Net Sales were $1,125 million, up 10% as reported, and 9% in constant currency, versus the prior year’s second quarter. The increase in Net Sales as reported was driven by a 12% increase in North America and a 9% increase in International. The increase in Net Sales in constant currency was driven by a 12% increase in North America and a 5% increase in International.

Gross Margin

Reported Gross Margin was 48.2%, versus 50.9% in the prior year’s second quarter, and Adjusted Gross Margin was 48.6%, versus 51.2%. The decrease in Reported and Adjusted Gross Margin was primarily due to the gross incremental cost of tariffs, inflation, higher royalties, and unfavorable foreign exchange, partially offset by the contribution of Mattel163, and Other, including tariff mitigation actions and cost savings.

Operating Income

Reported Operating Income was $11 million, a decrease of $68 million, and Adjusted Operating Income was $39 million, a decrease of $57 million. The decrease in Reported and Adjusted Operating Income was primarily due to higher Advertising and SG&A expenses, as well as lower gross margin, partly offset by higher Net Sales.

Earnings Per Share

Reported Earnings per Share was a loss of $0.06, as compared to income of $0.16, and Adjusted Earnings per Share was $0.01, as compared to $0.21. The decrease in Reported and Adjusted Earnings per Share was primarily due to the same factors that impacted Operating Income.

As of June 30, 2026, shares outstanding totaled 285.7 million.

Cash Flow

For the six months ended June 30, 2026, Cash Flows Used for Operating Activities were $202 million, as compared to a use of $275 million, primarily due to favorable working capital usage, partially offset by a decrease in Net Income, excluding the impact of non-cash items.

Cash Flows Used for Investing Activities were $195 million, compared to a use of $55 million, primarily due to cash paid in connection with the acquisition of Mattel163 net of cash acquired, and higher capital expenditures.

Cash Flows Used for Financing Activities and Other were $322 million, as compared to a use of $188 million, primarily due to an increase in share repurchases and the impact of foreign currency exchange rate changes on cash.

Second Quarter Gross Billings by Category

Worldwide Gross Billings for Dolls were $318 million, down 5% as reported, or 7% in constant currency, primarily due to a decline in Barbie.

Worldwide Gross Billings for Vehicles were $463 million, up 14% as reported, or 11% in constant currency, primarily driven by growth in Hot Wheels.

Worldwide Gross Billings for Infant, Toddler, and Preschool were $128 million, down 11% as reported, or 13% in constant currency, primarily due to a decline in Fisher-Price.

Worldwide Gross Billings for Action Figures, Building Sets, Games, and Other were $358 million, up 35% as reported, or 33% in constant currency, primarily driven by growth in Games (including the contribution of Digital Games, following the full acquisition of Mattel163) and Action Figures, driven by theatrical releases.

2026 Guidance

Mattel’s full year 2026 guidance remains:

(in millions,
except EPS and percentages) FY2026 Guidance

FY2025 Actual

Net Sales +3% to 6%*

$5,348

Adjusted Gross Margin Approx. 50%

48.9%

Adjusted Operating Income $580 - $630

$652

Adjusted Tax Rate Approx. 24%

20%

Adjusted EPS $1.27 - $1.39

$1.49

* in Constant Currency Our guidance remains subject to market volatility, unexpected disruptions, as well as other macro-economic risks and uncertainties, including further developments in the Middle East and regulatory actions impacting global trade.

Guidance does not include any potential impact of tariff refunds.

A reconciliation of Mattel’s non-GAAP financial measures on a forward-looking basis, including Net Sales on a constant currency basis, Adjusted Gross Margin, Adjusted Operating Income, Adjusted Tax Rate, Adjusted EPS, and Free Cash Flow, is not available without unreasonable effort. Mattel is unable to predict with sufficient certainty items that would be excluded from the corresponding GAAP measures, including the effect of foreign currency exchange rate fluctuations, unusual gains and losses or charges, and severance and restructuring charges, due to the unpredictable nature of such items, which may have a significant impact on Mattel’s GAAP measures.

Conference Call and Live Webcast

At 5:00 p.m. (Eastern Daylight Time) today, Mattel will host a conference call with investors and financial analysts to discuss its latest financial results. The conference call will be webcast on Mattel's Investor Relations website, https://investors.mattel.com. To listen to the live call, log on to the website at least 10 minutes early to register, download, and install any necessary audio software. An archive of the webcast will be available on Mattel's Investor Relations website for 12 months and may be accessed beginning approximately three hours after the completion of the live call.

Forward-Looking Statements

This press release contains a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts or by their nature are uncertain, and include statements regarding Mattel’s guidance and goals for future periods and other future events. The use of words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “looks forward,” “confident that,” “believes,” and “targeted,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic, and other information and assumptions, and are subject to a number of significant risks and uncertainties. A variety of factors or combination of factors, many of which are beyond Mattel’s control, may cause actual results or outcomes, or the timing of those results or outcomes, to differ materially from those contained in any forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: (i) Mattel’s ability to design, develop, produce, manufacture, source, ship, and distribute products in a timely and cost-effective manner; (ii) sufficient interest in and demand for the products and entertainment Mattel offers by retail customers and consumers to profitably recover Mattel’s costs; (iii) downturns in economic conditions affecting Mattel’s markets which can negatively impact retail customers and consumers, and which can result in lower employment levels and lower consumer disposable income and spending, including lower spending on purchases of Mattel’s products; (iv) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (v) potential difficulties or delays Mattel may experience in implementing cost savings and efficiency enhancing initiatives; (vi) other economic and public health conditions or regulatory changes in the markets in which Mattel and its customers and suppliers operate, which could create delays or increase Mattel’s costs, such as higher commodity prices, labor costs, transportation costs, or outbreaks of disease; (vii) the effect of inflation on Mattel’s business, including cost inflation in supply chain inputs and increased labor costs, as well as pricing actions taken in an effort to mitigate the effects of inflation; (viii) currency fluctuations, including movements in foreign exchange rates, which can lower Mattel’s net revenues and earnings, and significantly impact Mattel’s costs; (ix) the concentration of Mattel’s customers, potentially increasing the negative impact to Mattel of difficulties experienced by any of Mattel’s customers, such as bankruptcies or liquidations or a general lack of success, or changes in their purchasing or selling patterns; (x) the inventory policies of Mattel’s retail customers, as well as the concentration of Mattel’s revenues in the second half of the year, which, coupled with reliance by retailers on quick response inventory management techniques, increases the risk of underproduction, overproduction, and shipping delays; (xi) legal, reputational, and financial risks related to security breaches or cyberattacks; (xii) work disruptions, including as a result of supply chain disruption such as plant or port closures, which may impact Mattel’s ability to manufacture or deliver product in a timely and cost-effective manner; (xiii) the impact of competition on revenues, margins, and other aspects of Mattel’s business, including the ability to offer products that consumers choose to buy instead of competitive products; (xiv) the ability to secure, maintain, and renew popular licenses from licensors of entertainment properties; (xv) the ability to successfully develop, publish, and commercialize digital games; (xvi) the ability to attract and retain talented employees and adapt to evolving workplace models; (xvii) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xviii) tariffs, tariff-related developments, including refunds, trade restrictions, or trade barriers, which depending on the effective date and duration of such measures, changes in the amount, scope, and nature of such measures in the future, any countermeasures that the target countries may take, and any mitigating actions that may become available, could increase Mattel’s product costs and other costs of doing business, and other changes in laws or regulations in the United States and/or in other major markets, such as China, in which Mattel operates, including, without limitation, with respect to taxes, trade policies, product safety, or sustainability, which may also increase Mattel’s product costs and other costs of doing business, and in each case reduce Mattel’s earnings and liquidity; (xix) business disruptions or other unforeseen impacts due to economic instability, political instability, civil unrest, armed hostilities, such as the conflict in the Middle East, or terrorist activities, natural and man-made disasters, pandemics or other public health crises, or other catastrophic events; (xx) failure to realize the planned benefits from any investments or acquisitions made by Mattel, including Mattel163; (xxi) the impact of other market conditions or third-party actions or approvals, including those that result in any significant failure, inadequacy, or interruption from vendors or outsourcers, which could reduce demand for Mattel’s products, delay or increase the cost of implementation of Mattel’s programs, or alter Mattel’s actions and reduce actual results; (xxii) changes in financing markets or the inability of Mattel to obtain financing on attractive terms; (xxiii) the impact of litigation, arbitration, or regulatory decisions or settlement actions; (xxiv) Mattel’s ability to navigate regulatory frameworks in connection with new areas of investment, product development, or other business activities, such as artificial intelligence; (xxv) the potential impact of the development, use, and integration of artificial intelligence and machine learning technologies in Mattel’s business and products; (xxvi) the sufficiency of additional controls and procedures that Mattel has implemented to remediate the prior material weakness in Mattel's internal control over financial reporting, additional material weaknesses or other deficiencies in the future, or the failure to maintain an effective system of internal control; and (xxvii) other risks and uncertainties as may be described in Mattel’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of Mattel’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent periodic filings, as well as in Mattel’s other public statements. Mattel does not update forward-looking statements and expressly disclaims any obligation to do so, except as required by law.

Presentation Information / Non-GAAP Financial Measures

The financial results included herein are preliminary until Mattel’s Form 10-Q is filed with the SEC. Actual results may differ from these preliminary results.

To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. The non-GAAP financial measures that Mattel uses in this earnings release include Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Other Selling and Administrative Expenses, Adjusted Operating Income/Loss, Adjusted Operating Income/Loss Margin, Adjusted Earnings Per Share, earnings before interest expense, taxes, depreciation and amortization (“EBITDA”), Adjusted EBITDA, Free Cash Flow, Free Cash Flow Conversion (Free Cash Flow / Adjusted EBITDA), Leverage Ratio (Total Debt / Adjusted EBITDA), Net Debt, Adjusted Tax Rate, and constant currency. Mattel uses these measures to analyze its continuing operations and to monitor, assess, and identify meaningful trends in its operating and financial performance, and each is discussed below. Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results. These measures are not, and should not be viewed as, substitutes for GAAP financial measures and may not be comparable to similarly titled measures used by other companies. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are attached to this earnings release as exhibits and to our earnings slide presentation as an appendix.

This earnings release and our earnings slide presentation are available on Mattel's Investor Relations website, https://investors.mattel.com/, under the subheading “Financials – Quarterly Results.”

Adjusted Gross Profit and Adjusted Gross Margin

Adjusted Gross Profit and Adjusted Gross Margin represent reported Gross Profit and reported Gross Margin, respectively, adjusted to exclude amortization of acquired intangible assets, severance and restructuring expenses, and acquisition-related expenses, including integration expenses. Adjusted Gross Margin represents Mattel’s Adjusted Gross Profit, as a percentage of Net Sales. Adjusted Gross Profit and Adjusted Gross Margin are presented to provide additional perspective on underlying trends in Mattel’s core Gross Profit and Gross Margin, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel’s current business performance from one period to another.

Adjusted Other Selling and Administrative Expenses

Adjusted Other Selling and Administrative Expenses represents Mattel’s reported Other Selling and Administrative Expenses, adjusted to exclude amortization of acquired intangible assets, severance and restructuring expenses, the impact of the inclined sleeper product recalls, and acquisition-related expenses, including professional fees and integration expenses, which are not part of Mattel’s core business. Adjusted Other Selling and Administrative Expenses is presented to provide additional perspective on underlying trends in Mattel’s core other selling and administrative expenses, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel’s current business performance from one period to another.

Adjusted Operating Income (Loss) and Adjusted Operating Income (Loss) Margin

Adjusted Operating Income (Loss) and Adjusted Operating Income (Loss) Margin represent reported Operating Income and reported Operating Income Margin, respectively, adjusted to exclude amortization of acquired intangible assets, severance and restructuring expenses, the impact of the inclined sleeper product recalls, and acquisition-related expenses, including professional fees and integration expenses, which are not part of Mattel’s core business. Adjusted Operating Income Margin represents Mattel’s Adjusted Operating Income, as a percentage of Net Sales. Adjusted Operating Income and Adjusted Operating Income Margin are presented to provide additional perspective on underlying trends in Mattel’s core operating results, which Mattel believes is useful supplemental information for investors to be able to gauge and compare Mattel’s current business performance from one period to another.

Adjusted Earnings Per Share

Adjusted Earnings Per Share represents Mattel’s reported Diluted Earnings Per Common Share, adjusted to exclude amortization of acquired intangible assets, severance and restructuring expenses, the impact of the inclined sleeper product recalls, acquisition-related expenses, net, including professional fees and integration expenses, and gain on previously held equity interest in Mattel163, which are not part of Mattel’s core business. The aggregate tax effect of the adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments and dividing by the reported weighted-average number of common shares. Adjusted Earnings Per Share is presented to provide additional perspective on underlying trends in Mattel’s core business. Mattel believes it is useful supplemental information for investors to gauge and compare Mattel’s current earnings results from one period to another. Adjusted Earnings Per Share is a performance measure and should not be used as a measure of liquidity.

EBITDA and Adjusted EBITDA

EBITDA represents Mattel’s Net Income/Loss, adjusted to exclude the impact of interest expense, taxes, depreciation, and amortization. Adjusted EBITDA represents EBITDA adjusted to exclude share-based compensation, severance and restructuring expenses, the impact of the inclined sleeper product recalls, acquisition-related expenses, net, including professional fees and integration expenses, and gain on previously held equity interest in Mattel163, which are not part of Mattel’s core business. Mattel believes EBITDA and Adjusted EBITDA are useful supplemental information for investors to gauge and compare Mattel’s business performance to other companies in its industry with similar capital structures. The presentation of Adjusted EBITDA differs from how Mattel calculates EBITDA for purposes of covenant compliance under the indentures governing its high yield senior notes and the revolving credit agreement governing its revolving credit facility. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as measures of discretionary cash available to invest in the growth of Mattel’s business. As a result, Mattel relies primarily on its GAAP results and uses EBITDA and Adjusted EBITDA only supplementally.

Free Cash Flow and Free Cash Flow Conversion

Free Cash Flow represents Mattel’s net cash flows from operating activities less capital expenditures. Free Cash Flow Conversion represents Mattel’s free cash flow divided by Adjusted EBITDA. Mattel believes Free Cash Flow and Free Cash Flow Conversion are useful supplemental information for investors to gauge Mattel’s liquidity and performance and to compare Mattel’s business performance to other companies in our industry. Free Cash Flow does not represent cash available to Mattel for discretionary expenditures.

Leverage Ratio (Total Debt / Adjusted EBITDA)

The leverage ratio is calculated by dividing Total Debt by Adjusted EBITDA. Total Debt represents the aggregate of Mattel’s current portion of long-term debt, short-term borrowings, and long-term debt, excluding the impact of debt issuance costs and debt discount. Mattel believes the leverage ratio is useful supplemental information for investors to gauge trends in Mattel’s business and to compare Mattel’s business performance to other companies in its industry.

Net Debt

Net Debt represents the aggregate of Mattel’s current portion of long-term debt, short-term borrowings, and long-term debt, less cash and equivalents. Mattel believes Net Debt is useful supplemental information for investors to monitor Mattel’s liquidity and evaluate its balance sheet.

Adjusted Tax Rate

The Adjusted Tax Rate is calculated by dividing Adjusted Provision for Income Taxes by Adjusted Income Before Income Taxes. Adjusted Income Before Income Taxes represents reported Income Before Income Taxes, adjusted to exclude amortization of acquired intangible assets, severance and restructuring expenses, the impact of inclined sleeper product recalls, acquisition-related expenses, net, and gain on previously held equity interest in Mattel163. The Adjusted Provision for Income Taxes represents reported Provision for Income Taxes, adjusted to exclude the aggregate tax effect of adjustments. Mattel believes the adjusted tax rate provides useful supplemental information for investors to gauge and compare the impact of tax expense on Mattel's earnings results from one period to another.

Constant Currency

Percentage changes in results expressed in constant currency are presented excluding the impact from changes in currency exchange rates. To present this information, Mattel calculates constant currency information by translating current period and prior period results for entities reporting in currencies other than the US dollar using consistent exchange rates. The constant currency exchange rates are determined by Mattel at the beginning of each year and are applied consistently during the year. They are generally different from the actual exchange rates in effect during the current or prior period due to volatility in actual foreign exchange rates. Mattel considers whether any changes to the constant currency rates are appropriate at the beginning of each year. The exchange rates used for these constant currency calculations are generally based on prior year actual exchange rates. The difference between the current period and prior period results using the consistent exchange rates reflects the changes in the underlying performance results, excluding the impact from changes in currency exchange rates. Mattel analyzes constant currency results to provide additional perspective on changes in underlying trends in Mattel’s operating performance. Mattel believes that the disclosure of the percentage change in constant currency is useful supplemental information for investors to be able to gauge Mattel’s current business performance and the longer-term strength of its overall business since foreign currency changes could potentially mask underlying sales trends. The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.

Key Performance Indicator

Gross Billings

Gross Billings represent amounts invoiced to customers. It does not include the impact of sales adjustments, such as trade discounts and other allowances. Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, brand, and geographic results to highlight significant trends in Mattel’s business. Changes in Gross Billings are discussed because, while Mattel records the details of sales adjustments in its financial accounting systems at the time of sale, such sales adjustments are generally not associated with categories, brands, and individual products.

About Mattel

Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

MAT-FIN MAT-CORP

MATTEL, INC. AND SUBSIDIARIES

EXHIBIT I

  CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)1   For the Three Months Ended June 30, For the Six Months Ended June 30, (In millions, except per share and percentage information) 2026

2025

% Change
as
Reported % Change
in
Constant
Currency 2026

2025

% Change
as
Reported % Change
in
Constant
Currency $ Amt % Net
Sales $ Amt % Net
Sales $ Amt % Net
Sales $ Amt % Net
Sales Net Sales $

1,125.3

$

1,018.6

10

%

9

%

$

1,987.5

$

1,845.2

8

%

5

%

Cost of Sales 583.2

51.8

%

499.6

49.1

%

17

%

1,058.6

53.3

%

918.1

49.8

%

15

%

Gross Profit 542.1

48.2

%

519.0

50.9

%

4

%

4

%

928.9

46.7

%

927.0

50.2

%

—

%

—

%

Advertising and Promotion Expenses 124.3

11.0

%

79.1

7.8

%

57

%

217.2

10.9

%

149.3

8.1

%

45

%

Other Selling and Administrative Expenses 406.9

36.2

%

361.3

35.5

%

13

%

803.5

40.4

%

752.2

40.8

%

7

%

Operating Income (Loss) 10.9

1.0

%

78.5

7.7

%

-86

%

-100

%

(91.8

)

-4.6

%

25.5

1.4

%

N/M

N/M

Interest Expense 31.8

2.8

%

29.4

2.9

%

8

%

62.8

3.2

%

58.6

3.2

%

7

%

Interest (Income) (7.0

)

-0.6

%

(12.4

)

-1.2

%

-43

%

(17.7

)

-0.9

%

(28.3

)

-1.5

%

-38

%

Other Non-Operating Expense (Income), Net 4.1

(1.4

)

(144.0

)

11.6

(Loss) Income Before Income Taxes (18.0

)

-1.6

%

62.9

6.2

%

N/M

N/M

7.0

0.4

%

(16.4

)

-0.9

%

N/M

75

%

Provision for (Benefit From) Income Taxes 0.2

16.2

(32.2

)

(14.4

)

(Income) from Equity Method Investments —

(6.6

)

(3.6

)

(15.1

)

Net (Loss) Income $

(18.2

)

-1.6

%

$

53.4

5.2

%

N/M

$

42.8

2.2

%

$

13.0

0.7

%

N/M

Net (Loss) Income Per Common Share - Basic $

(0.06

)

$

0.16

$

0.15

$

0.04

Weighted-Average Number of Common Shares 288.9

323.5

293.2

325.5

Net (Loss) Income Per Common Share - Diluted $

(0.06

)

$

0.16

$

0.14

$

0.04

Weighted-Average Number of Common and Potential Common Shares 288.9

325.5

295.7

328.5

  1 Amounts may not sum due to rounding. N/M - Not meaningful   MATTEL, INC. AND SUBSIDIARIES EXHIBIT II

  CONDENSED CONSOLIDATED BALANCE SHEETS1 June 30,

December 31,

2026

2025

2025

(In millions) (Unaudited) Assets Cash and Equivalents $

523.9

$

870.5

$

1,242.9

Accounts Receivable, Net 820.3

792.5

1,097.6

Inventories 829.8

867.9

563.1

Prepaid Expenses and Other Current Assets 279.5

268.2

227.1

Total Current Assets 2,453.4

2,799.0

3,130.8

Property, Plant, and Equipment, Net 635.6

527.3

590.0

Right-of-Use Assets, Net 384.7

313.8

319.5

Goodwill 1,582.4

1,392.1

1,390.2

Other Noncurrent Assets 1,301.0

1,216.7

1,209.9

Total Assets $

6,357.0

$

6,248.9

$

6,640.4

  Liabilities and Stockholders’ Equity Current Portion of Long-Term Debt $

—

$

598.9

$

—

Accounts Payable and Accrued Liabilities 1,282.7

1,123.0

1,428.3

Income Taxes Payable 7.1

4.2

29.9

Total Current Liabilities 1,289.8

1,726.1

1,458.2

Long-Term Debt 2,333.9

1,737.7

2,331.7

Noncurrent Lease Liabilities 334.7

264.9

268.4

Other Noncurrent Liabilities 400.5

348.4

349.1

Stockholders’ Equity 1,998.1

2,171.9

2,233.0

Total Liabilities and Stockholders’ Equity $

6,357.0

$

6,248.9

$

6,640.4

  1 Amounts may not sum due to rounding.     MATTEL, INC. AND SUBSIDIARIES EXHIBIT II

  SUPPLEMENTAL BALANCE SHEET AND CASH FLOW DATA (Unaudited)1   June 30, 2026

2025

Key Balance Sheet Data: Accounts Receivable, Net Days of Sales Outstanding (DSO) 66

70

    For the Six Months Ended June 30,

(In millions) 2026

2025

Condensed Cash Flow Data: Cash Flows (Used for) Operating Activities $

(202.1

)

$

(275.3

)

Cash Flows (Used for) Investing Activities (195.3

)

(54.6

)

Cash Flows (Used for) Financing Activities and Other (321.7

)

(187.6

)

Decrease in Cash and Equivalents $

(719.1

)

$

(517.5

)

  1 Amounts may not sum due to rounding.   MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Three Months Ended June 30, For the Six Months Ended June 30, (In millions, except percentage information) 2026

2025

Change 2026

2025

Change Gross Profit Gross Profit, As Reported $

542.1

$

519.0

$

928.9

$

927.0

Gross Margin 48.2

%

50.9

%

-270 bps 46.7

%

50.2

%

-350 bps Adjustments: Amortization of Acquired Intangible Assets2 3.9

—

5.2

—

Severance and Restructuring Expenses 0.2

2.1

0.8

3.7

Acquisition-Related Expenses3 0.5

—

0.5

—

Gross Profit, As Adjusted $

546.7

$

521.0

$

935.5

$

930.7

Adjusted Gross Margin 48.6

%

51.2

%

-260 bps 47.1

%

50.4

%

-330 bps   Other Selling and Administrative Expenses Other Selling and Administrative Expenses, As Reported $

406.9

$

361.3

13%

$

803.5

$

752.2

7%

% of Net Sales 36.2

%

35.5

%

70 bps 40.4

%

40.8

%

-40 bps Adjustments: Amortization of Acquired Intangible Assets2 (10.9

)

(7.9

)

(19.9

)

(15.7

)

Severance and Restructuring Expenses (2.7

)

(2.1

)

(19.2

)

(23.5

)

Inclined Sleeper Product Recalls (6.1

)

(5.5

)

(1.9

)

(19.6

)

Acquisition-Related Expenses3 (3.6

)

—

(12.7

)

—

Other Selling and Administrative Expenses, As Adjusted $

383.6

$

345.9

11%

$

750.0

$

693.5

8%

% of Net Sales 34.1

%

34.0

%

10 bps 37.7

%

37.6

%

10 bps   Operating Income (Loss) Operating Income (Loss), As Reported $

10.9

$

78.5

-86%

$

(91.8

)

$

25.5

N/M

Operating Income (Loss) Margin 1.0

%

7.7

%

-670 bps -4.6

%

1.4

%

-600 bps Adjustments: Amortization of Acquired Intangible Assets2 14.8

7.9

25.1

15.7

Severance and Restructuring Expenses 2.8

4.1

20.0

27.2

Inclined Sleeper Product Recalls 6.1

5.5

1.9

19.6

Acquisition-Related Expenses3 4.1

—

13.2

—

Operating Income (Loss), As Adjusted $

38.8

$

96.0

-60%

$

(31.6

)

$

88.0

N/M

Adjusted Operating Income (Loss) Margin 3.4

%

9.4

%

-600 bps -1.6

%

4.8

%

-640 bps   1 Amounts may not sum due to rounding. 2 In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures to facilitate period-over-period comparisons of underlying business performance. Accordingly, Mattel has recast these non-GAAP financial measures for prior periods. Net sales generated from these acquired intangible assets during the periods presented, if applicable, are included in the adjusted financial measures. 3 Acquisition-related expenses for the three months ended June 30, 2026 include $4.1 million of professional fees and integration expenses. Acquisition-related expenses for the six months ended June 30, 2026 include a $7.0 million charge associated with the effective settlement of a pre-existing relationship between Mattel and Mattel163 in connection with the acquisition, as well as $6.2 million of professional fees and integration expenses. N/M - Not meaningful MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Three Months Ended June 30, For the Six Months Ended June 30, (In millions, except per share and percentage information) 2026

2025

Change

2026

2025

Change

Earnings Per Share Net (Loss) Income Per Common Share, As Reported $

(0.06

)

$

0.16

N/M

$

0.14

$

0.04

N/M

Adjustments: Amortization of Acquired Intangible Assets2 0.05

0.02

0.08

0.05

Severance and Restructuring Expenses 0.01

0.01

0.07

0.08

Inclined Sleeper Product Recalls 0.02

0.02

0.01

0.06

Acquisition-Related Expenses, Net3 0.01

—

0.04

—

(Gain) on Previously Held Equity Interest4 —

—

(0.50

)

—

Tax Effect of Adjustments5 (0.02

)

(0.01

)

(0.03

)

(0.04

)

Net Income (Loss) Per Common Share, As Adjusted $

0.01

$

0.21

N/M

$

(0.19

)

$

0.19

N/M

  EBITDA and Adjusted EBITDA Net (Loss) Income, As Reported $

(18.2

)

$

53.4

N/M

$

42.8

$

13.0

N/M

Adjustments: Interest Expense 31.8

29.4

62.8

58.6

Provision for (Benefit from) Income Taxes 0.2

16.2

(32.2

)

(14.4

)

Depreciation 33.9

34.7

67.6

68.7

Amortization of Acquired Intangible Assets 14.8

7.9

25.1

15.7

EBITDA 62.5

141.5

166.1

141.6

Adjustments: Share-Based Compensation 19.9

18.7

32.9

38.6

Severance and Restructuring Expenses 2.8

4.1

20.0

27.2

Inclined Sleeper Product Recalls 6.1

5.5

1.9

19.6

Acquisition-Related Expenses, Net3 4.1

—

10.8

—

(Gain) on Previously Held Equity Interest4 —

—

(147.9

)

—

Adjusted EBITDA $

95.5

$

169.9

-44%

$

83.8

$

227.0

-63%

  Free Cash Flow Net Cash Flows (Used for) Operating Activities $

(202.1

)

$

(275.3

)

Capital Expenditures (125.8

)

(76.0

)

Free Cash Flow $

(327.9

)

$

(351.3

)

  1 Amounts may not sum due to rounding. 2 In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures to facilitate period-over-period comparisons of underlying business performance. Accordingly, Mattel has recast these non-GAAP financial measures for prior periods. Net sales generated from these acquired intangible assets during the periods presented, if applicable, are included in the adjusted financial measures. 3 Acquisition-related expenses, net for the three months ended June 30, 2026 include $4.1 million of professional fees and integration expenses. Acquisition-related expenses, net for the six months ended June 30, 2026 include a $7.0 million charge associated with the effective settlement of a pre-existing relationship between Mattel and Mattel163 in connection with the acquisition, as well as $6.2 million of professional fees and integration expenses and ($2.5) million of other acquisition-related payments. 4 Prior to the acquisition of the remaining 50% equity interest in Mattel163, Mattel accounted for its investment under the equity method. Upon obtaining control, Mattel remeasured its previously held 50% equity interest to its estimated fair value as of the acquisition date, resulting in a gain of $147.9 million recognized in other non-operating income, net. 5 The aggregate tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments, and dividing by the reported weighted average number of common and potential common shares. N/M - Not meaningful MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Three Months Ended June 30, (In millions, except percentage and pts information) 2026

2025

Change

Tax Rate (Loss) Income Before Income Taxes, As Reported $

(18.0

)

$

62.9

Adjustments: Amortization of Acquired Intangible Assets2 14.8

7.9

Severance and Restructuring Expenses 2.8

4.1

Inclined Sleeper Product Recalls 6.1

5.5

Acquisition-Related Expenses3 4.1

—

Income Before Income Taxes, As Adjusted $

9.9

$

80.5

  Provision for Income Taxes, As Reported $

0.2

$

16.2

Adjustments: Tax Effect of Adjustments4 6.1

3.9

Provision for Income Taxes, As Adjusted $

6.3

$

20.1

  Tax Rate, As Reported -1

%

26

%

-27 pts Tax Rate, As Adjusted 63

%

25

%

38 pts   June 30, 2026

2025

Net Debt Long-Term Debt $

2,333.9

$

1,737.7

Current Portion of Long-Term Debt —

598.9

Adjustments: Cash and Equivalents (523.9

)

(870.5

)

Net Debt $

1,810.0

$

1,466.1

  1 Amounts may not sum due to rounding. 2 In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures to facilitate period-over-period comparisons of underlying business performance. Accordingly, Mattel has recast these non-GAAP financial measures for prior periods. Net sales generated from these acquired intangible assets during the periods presented, if applicable, are included in the adjusted financial measures. 3 Acquisition-related expenses for the three months ended June 30, 2026 include $4.1 million of professional fees and integration expenses. 4 Tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments. MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Trailing Twelve Months Ended June 30, (In millions, except percentage and pts information) 2026

2025

Change Leverage Ratio (Total Debt/Adjusted EBITDA) Total Debt Long-Term Debt $

2,333.9

$

1,737.7

Current Portion of Long-Term Debt —

598.9

Adjustments: Debt Issuance Costs and Debt Discount 16.1

13.5

Total Debt $

2,350.0

$

2,350.0

EBITDA and Adjusted EBITDA Net Income, As Reported $

427.4

$

526.3

-19%

Adjustments: Interest Expense 122.9

117.3

Provision for Income Taxes 71.9

102.9

Depreciation 135.3

136.7

Amortization of Acquired Intangible Assets 41.0

31.3

EBITDA 798.5

914.5

Adjustments: Share-Based Compensation 74.0

80.3

Severance and Restructuring Expenses 39.7

55.9

Inclined Sleeper Product Recalls 9.0

9.6

Acquisition-Related Expenses, Net2 10.8

—

(Gain) on Previously Held Equity Interest3 (147.9

)

—

Adjusted EBITDA $

784.1

$

1,060.3

-26%

  Total Debt / Net Income 5.5x 4.5x Leverage Ratio (Total Debt / Adjusted EBITDA) 3.0x 2.2x   Free Cash Flow Net Cash Flows Provided by Operating Activities $

666.4

$

742.7

-10%

Capital Expenditures (231.8

)

(213.2

)

Free Cash Flow $

434.6

$

529.5

-18%

  Net Cash Flows Provided by Operating Activities / Net Income 156

%

141

%

15 pts Free Cash Flow Conversion (Free Cash Flow/Adjusted EBITDA) 55

%

50

%

5 pts   1 Amounts may not sum due to rounding. 2 Acquisition-related expenses, net for the trailing twelve months ended June 30, 2026 include a $7.0 million charge associated with the effective settlement of a pre-existing relationship between Mattel and Mattel163 in connection with the acquisition, as well as $6.2 million of professional fees and integration expenses and ($2.5) million of other acquisition-related payments. 3 Prior to the acquisition of the remaining 50% equity interest in Mattel163, Mattel accounted for its investment under the equity method. Upon obtaining control, Mattel remeasured its previously held 50% equity interest to its estimated fair value as of the acquisition date, resulting in a gain of $147.9 million recognized in other non-operating income, net. MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Year Ended
December 31, (In millions, except percentage and per share information) 2025

Gross Profit Gross Profit, As Reported $

2,605.7

Gross Margin 48.7

%

Adjustments: Severance and Restructuring Expenses 7.8

Gross Profit, As Adjusted $

2,613.5

Adjusted Gross Margin 48.9

%

  Operating Income Operating Income, As Reported $

546.4

Operating Income Margin 10.2

%

Adjustments: Amortization of Acquired Intangible Assets2 31.5

Severance and Restructuring Expenses 46.9

Inclined Sleeper Product Recalls 26.7

Operating Income, As Adjusted $

651.5

Adjusted Operating Income Margin 12.2

%

  Earnings Per Share Net Income Per Common Share, As Reported $

1.24

Adjustments: Amortization of Acquired Intangible Assets2 0.10

Severance and Restructuring Expenses 0.15

Inclined Sleeper Product Recalls 0.08

Changes to Deferred Tax Assets —

Tax Effect of Adjustments3 (0.07

)

Net Income Per Common Share, As Adjusted $

1.49

  1 Amounts may not sum due to rounding. 2 In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures to facilitate period-over-period comparisons of underlying business performance. Accordingly, Mattel has recast these non-GAAP financial measures for prior periods. Net sales generated from these acquired intangible assets during the periods presented, if applicable, are included in the adjusted financial measures. 3 The aggregate tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments, and dividing by the reported weighted average number of common and potential common shares. MATTEL, INC. AND SUBSIDIARIES EXHIBIT III

  SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited)1 RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES   For the Year Ended
December 31, (In millions, except percentage information) 2025

Tax Rate Income Before Income Taxes, As Reported $

459.5

Adjustments: Amortization of Acquired Intangible Assets2 31.5

Severance and Restructuring Expenses 46.9

Inclined Sleeper Product Recalls 26.7

Income Before Income Taxes, As Adjusted $

564.6

  Provision for Income Taxes, As Reported $

89.8

Adjustments: Tax Effect of Adjustments3 23.9

Provision for Income Taxes, As Adjusted $

113.6

  Tax Rate, As Reported 20

%

Tax Rate, As Adjusted 20

%

  Free Cash Flow Net Cash Flows Provided by Operating Activities $

593.3

Capital Expenditures (182.0

)

Free Cash Flow $

411.3

  1 Amounts may not sum due to rounding. 2 In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures to facilitate period-over-period comparisons of underlying business performance. Accordingly, Mattel has recast these non-GAAP financial measures for prior periods. Net sales generated from these acquired intangible assets during the periods presented, if applicable, are included in the adjusted financial measures. 3 Tax effect of adjustments was determined using the effective tax rates on a jurisdictional basis of the respective adjustments.   MATTEL, INC. AND SUBSIDIARIES EXHIBIT IV

  WORLDWIDE NET SALES AND GROSS BILLINGS1 (Unaudited)2   For the Three Months Ended June 30,

For the Six Months Ended June 30,

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

(In millions, except percentage information) Worldwide Net Sales: Net Sales $

1,125.3

$

1,018.6

10

%

9

%

$

1,987.5

$

1,845.2

8

%

5

%

  Worldwide Gross Billings by Categories: Dolls $

317.9

$

335.2

-5

%

-7

%

$

589.5

$

631.8

-7

%

-9

%

Vehicles 463.3

407.5

14

11

824.7

715.9

15

12

Infant, Toddler, and Preschool 127.8

143.4

-11

-13

234.0

269.8

-13

-16

Action Figures, Building Sets, Games, and Other 357.9

264.5

35

33

590.5

457.1

29

27

Gross Billings $

1,266.8

$

1,150.5

10

%

8

%

$

2,238.7

$

2,074.6

8

%

5

%

  Supplemental Gross Billings Disclosure Worldwide Gross Billings by Top 3 Power Brands: Barbie $

169.0

$

200.7

-16

%

-17

%

$

315.1

$

374.4

-16

%

-18

%

Hot Wheels 408.8

357.3

14

12

723.2

626.1

16

12

Fisher-Price 99.9

107.8

-7

-10

179.4

198.0

-9

-12

Other 589.2

484.7

22

20

1,021.0

876.1

17

14

Gross Billings $

1,266.8

$

1,150.5

10

%

8

%

$

2,238.7

$

2,074.6

8

%

5

%

  1 Gross billings represent amounts invoiced to customers and do not include the impact of sales adjustments, such as trade discounts and other allowances. Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, brand, and geographic results to highlight significant trends in Mattel’s business. 2 Amounts may not sum due to rounding.   MATTEL, INC. AND SUBSIDIARIES EXHIBIT V

  NET SALES AND GROSS BILLINGS1 BY SEGMENT (Unaudited)2   For the Three Months Ended June 30,

For the Six Months Ended June 30,

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

(In millions, except percentage information) North America Net Sales: Net Sales $

574.3

$

510.8

12

%

12

%

$

1,049.5

$

1,002.2

5

%

5

%

  North America Gross Billings by Categories: Dolls $

175.7

$

168.6

4

%

4

%

$

328.6

$

340.9

-4

%

-4

%

Vehicles 186.7

174.8

7

7

347.1

324.3

7

7

Infant, Toddler, and Preschool 64.3

69.9

-8

-8

124.6

150.0

-17

-17

Action Figures, Building Sets, Games, and Other 186.6

134.3

39

39

321.4

258.2

24

24

Gross Billings $

613.3

$

547.5

12

%

12

%

$

1,121.7

$

1,073.5

4

%

4

%

  Supplemental Gross Billings Disclosure North America Gross Billings by Top 3 Power Brands: Barbie $

79.2

$

91.8

-14

%

-14

%

$

151.8

$

184.2

-18

%

-18

%

Hot Wheels 159.0

147.6

8

8

294.0

273.1

8

8

Fisher-Price 52.0

52.3

-

-

98.9

110.4

-10

-10

Other 323.0

255.9

26

26

577.0

505.9

14

14

Gross Billings $

613.3

$

547.5

12

%

12

%

$

1,121.7

$

1,073.5

4

%

4

%

  1 Gross billings represent amounts invoiced to customers and do not include the impact of sales adjustments, such as trade discounts and other allowances. Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, brand, and geographic results to highlight significant trends in Mattel’s business. 2 Amounts may not sum due to rounding.     MATTEL, INC. AND SUBSIDIARIES EXHIBIT VI

  NET SALES AND GROSS BILLINGS1 BY SEGMENT (Unaudited)2   For the Three Months Ended June 30,

For the Six Months Ended June 30,

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

2026

2025

% Change
as
Reported

% Change in
Constant
Currency

(In millions, except percentage information) International Net Sales by Geographic Area: EMEA $

301.5

$

277.5

9

%

7

%

$

533.0

$

474.6

12

%

8

%

Latin America 139.9

128.6

9

-

214.1

193.2

11

1

Asia Pacific 109.6

101.7

8

5

191.0

175.2

9

6

Net Sales $

551.0

$

507.8

9

%

5

%

$

938.0

$

843.0

11

%

6

%

  International Gross Billings by Geographic Area: EMEA $

362.6

$

334.4

8

%

7

%

$

645.8

$

573.0

13

%

9

%

Latin America 165.4

151.6

9

-

252.7

227.6

11

1

Asia Pacific 125.6

116.9

7

4

218.4

200.5

9

5

Gross Billings $

653.6

$

602.9

8

%

5

%

$

1,117.0

$

1,001.1

12

%

6

%

  International Gross Billings by Categories: Dolls $

142.2

$

166.6

-15

%

-18

%

$

260.9

$

290.8

-10

%

-15

%

Vehicles 276.6

232.7

19

15

477.7

391.6

22

16

Infant, Toddler, and Preschool 63.5

73.5

-14

-18

109.4

119.9

-9

-14

Action Figures, Building Sets, Games, and Other 171.3

130.2

32

28

269.1

198.9

35

30

Gross Billings $

653.6

$

602.9

8

%

5

%

$

1,117.0

$

1,001.1

12

%

6

%

  Supplemental Gross Billings Disclosure International Gross Billings by Top 3 Power Brands: Barbie $

89.8

$

108.9

-18

%

-20

%

$

163.3

$

190.3

-14

%

-18

%

Hot Wheels 249.8

209.7

19

15

429.2

353.0

22

16

Fisher-Price 47.9

55.5

-14

-18

80.5

87.6

-8

-14

Other 266.1

228.8

16

13

444.0

370.2

20

14

Gross Billings $

653.6

$

602.9

8

%

5

%

$

1,117.0

$

1,001.1

12

%

6

%

  1 Gross billings represent amounts invoiced to customers and do not include the impact of sales adjustments, such as trade discounts and other allowances. Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, brand, and geographic results to highlight significant trends in Mattel’s business. 2 Amounts may not sum due to rounding.   More News From Mattel, Inc.

[url="]Mattel, Inc.[/url] (NASDAQ: MAT) today announced the promotion of Roberto Stanichi to President, Chief Marketing and Brand Officer.This press release fea

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced the promotion of Roberto Stanichi to President, Chief Marketing and Brand Officer. Ynon Kreiz, Chairman and Chief Executive Officer of Mattel, said: “Roberto has made significant progress establishing Mattel's brand-centric organization and operating model. We have further aligned our brands, marketing, and demand creation capabilities to manage our portfolio more holistically and advance our strategy to grow our IP.

Posted by Defense World Staff on Jul 26th, 2026

Dimensional Fund Advisors LP boosted its stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,052,845 shares of the company’s stock after purchasing an additional 783,102 shares during the period. Dimensional Fund Advisors LP owned about 3.80% of Mattel worth $160,591,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MAT. SEB Asset Management AB purchased a new stake in Mattel in the 1st quarter worth approximately $148,000. Gallacher Capital Management LLC acquired a new stake in shares of Mattel during the 1st quarter valued at $151,000. Illinois Municipal Retirement Fund grew its holdings in shares of Mattel by 24.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 300,659 shares of the company’s stock valued at $4,369,000 after acquiring an additional 59,085 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Mattel by 14.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 53,678 shares of the company’s stock valued at $780,000 after acquiring an additional 6,970 shares in the last quarter. Finally, Calamos Wealth Management LLC acquired a new position in shares of Mattel in the first quarter worth $288,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel News Roundup Here are the key news stories impacting Mattel this week:

Positive Sentiment: Mattel unveiled a Barbie Signature doll honoring basketball star Angel Reese, along with matching Reebok shoes, giving the company a fresh celebrity-driven product that could boost Barbie sales and broaden the brand’s cultural reach. Article Title Positive Sentiment: Mattel announced a worldwide licensing partnership with WWE-owned Lucha Libre AAA, expanding its wrestling toy portfolio and reinforcing its position in a popular action-figure category. Article Title Positive Sentiment: Mattel also highlighted new products and promotions around existing brands, including a Matchbox movie tie-in, a Halo Brick Shop set, UNO Social Club events, and Harry Potter collectible dolls, which suggest continued monetization across multiple franchises. Article Title Neutral Sentiment: News about short interest showed no meaningful change, with reported short interest at zero shares, offering little direct signal for the stock’s near-term direction. Neutral Sentiment: Additional coverage around the Angel Reese doll, the WWE/AAA deal, and Halo-related product leaks mostly reinforces the same upbeat product pipeline already captured above. Article Title Analysts Set New Price Targets Several analysts recently issued reports on the company. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Odeon Capital Group assumed coverage on Mattel in a research note on Thursday, July 16th. They set a “buy” rating for the company. JPMorgan Chase & Co. cut their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Finally, Citigroup reduced their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Get Our Latest Stock Analysis on MAT

Mattel Stock Performance Shares of MAT opened at $14.34 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The company’s fifty day moving average is $14.19 and its 200-day moving average is $16.07. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48.

Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the previous year, the business earned ($0.03) EPS. Mattel’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts expect that Mattel, Inc. will post 1.35 EPS for the current fiscal year.

Mattel Profile (Free Report)

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (Nasdaq: MAT), a leading global play and family entertainment company, and WWE today announced a new multi-year global licensing agreement at their joint San Diego Comic-Con panel that expands Mattel's WWE portfolio to include Lucha Libre AAA Worldwide (AAA), one of Mexico's most iconic and influential lucha libre promotions. This deal reinforces Mattel's position as the home of WWE action figures and toys for fans worldwide. Beginning Fall 2027.

Mattel, Inc. trades at a rare sub-10x P/E, reflecting tariff headwinds, extra debt, and stagnant sales, but offers compelling deep-value upside. MAT's free cash flow yield exceeds 7%, with EV/sales and EV/EBITDA ratios near multi-decade lows, signaling significant undervaluation versus peers and history. Activist pressure and high short interest create potential catalysts; a takeover bid or short covering could trigger rapid price appreciation.

Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar

, /PRNewswire/ -- Start your engines: 7-Eleven, Inc. is back in the fast lane with Hot Wheels®, dropping an exclusive 2017 Nissan GT-R (R35) die-cast car in collaboration with Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world.* The toy car brings together two beloved pop culture brands for another high-octane release inspired by speed and nostalgia.

Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar For the second year in a row, 7-Eleven and Hot Wheels are releasing an exclusive 7-Eleven-branded die-cast toy car available at participating 7-Eleven®, Speedway® and Stripes® store locations and 7Collection.com, the retailer's official online merchandise shop, while supplies last. This year's collectible puts the spotlight on the high-performance 2017 Nissan GT-R (R35), a legendary model beloved by car enthusiasts. The model features a sleek white wrap with 7-Eleven's iconic logo on the hood and sides, creating the kind of die-cast livery collectors love to discover.

With this latest Hot Wheels drop, fans can head to participating stores nationwide and 7Collection.com to grab the exclusive die-cast supercar before it speeds away. Plus, fans can stay tuned for an expanded limited-edition merch drop coming soon to 7Collection.com.

*Limited time only, while supplies last. Available exclusively on 7Collection.com. ©2026 7-Eleven, Inc. All rights reserved.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven offers customers fresh, high-quality and convenient food options like sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven also offers customers industry-leading packaged products at an outstanding value with its 7-Select™ private brand. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® and Speedy Rewards® loyalty programs, which have more than 100 million members. Customers can also place an order in the 7NOW® delivery app with real-time tracking and delivery typically in about 30 minutes, depending on the market, driver availability, weather, traffic conditions, and other factors. Find out more online at www.7-eleven.com.

About Mattel
Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world's leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

SOURCE 7-Eleven, Inc.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced that it plans to release its second quarter 2026 financial results on Tuesday, August 4, 2026, at approximately 4:05 p.m. Eastern Time. Following this, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time. The webcast and accompanying slides will be available under the Events and Presentations section of Mattel's Investor Relations website, https://investors.mattel.com. To listen to the webcast, log.

[url="]Mattel, Inc.[/url] (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the wor

Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey.

Mattel Creations

Mattel’s KPop Demon Hunters singing dolls of Rumi, Mira and Zoey — as well as fashion dolls of the HUNTR/X trio and Jinu — are almost here as they’ve gone on pre-order with late July and early August release dates.

Netflix’s animated movie musical sensation celebrated its first anniversary on June 20, and in the days before and after the big date, Mattel and other toy licensees have been announcing pre-sales and releases of their KPop Demon Hunter product.

ForbesMattel’s ‘KPop Demon Hunters’ Demon Jinu Doll Picked By Fans Comes To Pre-SaleBy Tim Lammers

Most recently, a fan-selected doll of Demon Jinu went up for pre-order with June 2027 release date. However, the singing versions of Rumi, Mira and Zoey and the fashion dolls of the trio, as well as Jinu, are now available to pre-order and their ship dates are just over a month away.

In October, Netflix named Mattel the master licensee for dolls, action figures and other products for KPop Demon Hunters, while Hasbro was named master licensee for games and role-play toys, among other items.

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Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey packaged.

Mattel Creations

On Wednesday, eight months after the licensing agreement with Netflix was struck, Mattel announced the pending releases of the first dolls in the toymaker’s KPop Demon Hunters line. Available individually, the KPop Demon Hunters singing dolls of Rumi, Mira and Zoey are listed for pre-sale on Mattel Creations’ retail site, as well as other select retailers, with a retail price of $33 each.

As of the publication of this article, the singing Zoey doll has a ship date of July 31, while the singing Rumi and Mira dolls are each scheduled to ship on Aug. 7.

Each doll is dressed in their “Golden” song performance outfit and include a sound chip featuring three clips from the tune. The Rumi and Mira dolls, which are 11.5 inches tall, as well as the Zoey doll, which is 11 inches tall, all come with fully rooted hair and sculpted accessories.

ForbesHot Wheels SDCC Exclusives Inspired By ‘KPop Demon Hunters,’ ‘Stranger Things’ And ‘Top Gun’By Tim Lammers

“Golden,” of course, earned KPop Demon Hunters a Best Original Song Oscar at the 2026 Academy Awards in March, while the film was named Best Animated Feature. Then in late May, KPop Demon Hunters won four American Music Awards, including Song of the Year for EJAE, Audrey Nuna and Rei Ami, the singing voices of Rumi, Mira and Zoey, respectively.

Mattel's "KPop Demon Hunters" fashion dolls of Mira, Rumi, Zoey and Jinu.

Mattel Creations

The ‘KPop Demon Hunters’ Fashion Doll Line Features HUNTR/X In Their Demon Hunting OutfitsIn addition to the release of its KPop Demon Hunters singing doll line featuring the HUNTR/X trio, Mattel has listed for pre-sale fashion dolls of Rumi, Mira, Zoey and Saja Boys singer Jinu.

The Rumi, Mira and Jinu dolls are all 11.5 inches tall, while Zoey measures 11 inches tall. The HUNTR/X dolls are outfitted in their demon hunter apparel, while Jinu is wearing his “Soda Pop” outfit.

Forbes‘KPop Demon Hunters’ Toys’ Rollout Continues After Film Celebrates 1st AnniversaryBy Tim LammersThe Rumi, Mira, Zoey and Jinu fashion dolls are being released individually, and retail for $27 each. As of the publication of this article, Mira is scheduled to ship on July 31, while Zoey and Jinu have an Aug. 7 ship date. Rumi currently has a ship date of Oct. 9.

Like the KPop Demon Hunters singing dolls, Mattel’s fashion dolls of the characters are listed for pre-sale on Mattel Creations, as well as select retailers.

Rated PG, KPop Demon Hunters is streaming exclusively on Netflix.

Forbes‘Heated Rivalry’ Funko Pops! Revealed And Go On Pre-SaleBy Tim Lammers

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that UNO Social Clubs are going global, with a new five-city U.S. tour and expansion to nine locations worldwide, following the success of last year's inaugural events. Now, UNO® is bringing the experience to even more players complete with friendly competition, unexpected twists, and unforgettable moments. With a legacy spanning more than five decades, UNO continues to evolve alongside its fans, creating new ways t.

Mattel, Inc. (MAT) Q1 2026 Earnings Call Transcript