Welcome to our dedicated page for Mattel news (Ticker: MAT), a resource for investors and traders seeking the latest updates and insights on Mattel stock.
Mattel, Inc. (symbol: MAT) is a leading global toy company that inspires the wonder of childhood and aims to be the recognized leader in play, learning, and development worldwide. Their diverse portfolio includes iconic brands like American Girl®, Barbie®, Fisher-Price®, Hot Wheels®, Monster High®, and Thomas & Friends®. Mattel collaborates with top entertainment and technology companies to create a wide range of products that cater to children and families.
Headquartered in El Segundo, California, Mattel operates in approximately 40 countries and territories and markets its products in more than 150 nations. Their global workforce of around 31,000 employees plays a vital role in maintaining the company's competitive edge.
Mattel markets toy products to both wholesale customers and retail consumers. Their offerings include toys for infants and preschoolers, youth electronics, hand-held and other games, puzzles, educational toys, and plush and fashion-related toys. With a strong manufacturing capability, Mattel produces its toys both internally and through various manufacturing partners.
Financially, Mattel generates over 50% of its net sales from North America, with the rest coming from international markets. The company has recently achieved significant milestones, including strategic partnerships, new product launches, and initiatives focused on sustainability and innovation. These achievements are indicative of Mattel's commitment to growth and its pivotal role in the toy industry.
For more information, visit www.mattel.com.
Mattel (NASDAQ: MAT) has appointed Jennifer Kettnich as Vice President of Investor Relations, reporting to CFO Anthony DiSilvestro. Kettnich, formerly VP of Investor Relations at Disney, brings significant experience in investor relations, corporate finance, and equity analysis. Her role involves leading Mattel's investor engagement, communicating the company's value proposition, and articulating its strategy to expand beyond toys into entertainment.
DiSilvestro highlighted Kettnich's expertise as beneficial for Mattel's current strategy to grow its IP-driven toy business and expand its entertainment offering. Kettnich expressed excitement about joining Mattel during its expansion into entertainment verticals and capturing more value for its world-class IP.
American Girl, part of Mattel (NASDAQ: MAT), unveils Summer McKinny as its 2025 Girl of the Year. Summer, a 10-year-old from Columbia, Maryland, is a dog lover and baker who starts her own business. Her story, written by Clare Hutton, aims to inspire young entrepreneurs. The 18-inch doll comes with a product line including pet-themed accessories and baking sets. To support literacy, American Girl is donating over $100,000 worth of books to Save the Children's U.S. education programs. The character launch includes retail experiences, digital content, and a music release. Summer's products are available now at American Girl stores and online.
Mattel (Nasdaq: MAT) has appointed Ken Wee as Executive Vice President and Chief Strategy Officer, reporting directly to CEO Ynon Kreiz. Wee brings extensive experience in strategic planning, M&A, and corporate development from the gaming, technology, and media sectors. His role involves overseeing strategic planning and corporate development, focusing on accelerating growth and profitability.
Previously, Wee served as Chief Strategy Officer at Activision Blizzard, where he played a key role in the company's $69 billion acquisition by Microsoft. He also worked as a partner at McKinsey & Company, leading their Interactive Entertainment Practice. Wee's appointment comes at a important time as Mattel aims to expand its IP-driven toy business and entertainment offerings, potentially unlocking new value for shareholders.
Mattel (NASDAQ: MAT) and Warner Bros. Discovery are bringing Barney back to television after 14 years with a new animated series, Barney's World. The show will premiere on Max on October 14, followed by a linear premiere on Cartoon Network on October 18. It will also launch on Cartoonito in EMEA and APAC, and Discovery Kids in LATAM.
The series features 52 11-minute episodes set in a playground, where Barney, along with dinos Billy and Baby Bop, and three kid friends, explore preschool emotions through music-filled adventures. The show aims to blend nostalgia with modern storytelling, targeting both preschoolers and parents who grew up with the original series.
Mattel Television Studios and Corus Entertainment's Nelvana are co-producing the series, which is part of Mattel's strategy to expand its characters across various platforms.
Mattel's Barbie brand has launched a new campaign titled 'Give Limitless Possibilities', unveiled alongside WNBA legend Sue Bird at a Barbie-themed WNBA game. The campaign aims to empower girls and highlight the benefits of doll play in nurturing imagination, self-esteem, and empathy. It builds on Barbie's 65-year legacy of inspiring potential in young girls.
The campaign, created with 72andSunny, emphasizes the emotional desire of adults to give children curiosity, confidence, and belief in their potential. It also supports Barbie's commitment to championing women role models, particularly in sports. The brand's presence at the WNBA game included fan activations and giveaways, reinforcing Barbie's role in promoting women's sports.
Mattel (NASDAQ: MAT) has announced its participation in the Goldman Sachs Communacopia and Technology Conference. The company's Chairman and CEO, Ynon Kreiz, along with CFO Anthony DiSilvestro, will engage in a fireside chat on Monday, September 9, 2024, at 11:50 a.m. Eastern time.
Investors and interested parties can access the live webcast through Mattel's Investor Relations website. To ensure smooth viewing, attendees are advised to log in at least 15 minutes early to complete necessary registrations and software installations. For those unable to attend live, an archived version of the webcast will be made available on the company's website shortly after the event concludes.
Fisher-Price (NASDAQ: MAT) and Grammy Award-winner John Legend are partnering to release covers of three Fisher-Price songs on Legend's debut children's album, 'My Favorite Dream', out August 30th. The collaboration began after Legend's viral cover of 'Maybe' from the Kick & Play Piano Gym. The album will feature covers of 'Maybe', 'Friendship', and 'Great, Great Day', songs from popular Fisher-Price toys.
Brian Fitzharris, SVP of Fisher-Price, emphasized the importance of music in their toys and the impact on families worldwide. Legend expressed the significance of music and Fisher-Price in both his childhood and his children's lives. The partnership showcases Fisher-Price's commitment to creating memorable family moments through music and toys.
Mattel, AirConsole, and BMW Group have announced the world premiere of UNO Car Party! for in-car gaming. This innovative adaptation of the classic card game will be revealed at gamescom 2024 in Cologne, Germany. Starting August 21st, the game will roll out to over 500,000 BMW and MINI vehicles through AirConsole's platform.
The game allows up to four players to enjoy UNO while stationary in their vehicles, using personal devices as controllers. This collaboration aims to enhance the digital experience for BMW customers, transforming in-car gaming into a new social experience. UNO Car Party! will be available in vehicles with BMW / MINI Operating System 9 and BMW Operating System 8.5, combined with specific connectivity packages.
Mattel (Nasdaq: MAT) has appointed Sai Koorapati as Senior Vice President and Chief Technology Officer, effective August 19, 2024. Koorapati, who will report to CFO Anthony DiSilvestro, brings over 25 years of technology leadership experience to the role. He will oversee all aspects of Mattel's technology innovation and implementation, including shared platforms, software and hardware development, AI, and connected product design.
Koorapati joins Mattel from Topgolf Callaway Brands, where he led a successful digital transformation initiative. His experience includes leadership positions at TaylorMade Golf and international roles in India, Malaysia, Japan, and the UK. Koorapati holds engineering degrees from Andhra University College of Engineering and the National Institute of Industrial Engineering in India.
Mattel (NASDAQ: MAT) has announced the launch of UNO Elite™ NFL, an officially licensed premium collectible deck expanding UNO's offerings. This new version features licensed NFL players from all 32 teams and special edition UNO foil cards. The first wave includes six fan-favorite players from each team, covering various positions.
The game combines traditional UNO gameplay with NFL excitement, offering three different play modes and over 190 collectible player cards. The starter pack includes 112 regular UNO cards, 56 Player Cards, and four foil cards. Additional Draft packs are available for expanded play and collectability.
UNO Elite NFL features 192 player cards in its first release, with four levels of collectability and over 2,000 variations of player card actions. The game will be updated annually with new player cards and themes. The Starter Pack ($14.99) and Draft Packs ($4.99) are available for pre-order at Walmart from August 7, with in-store availability later this fall.
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