Mattel Inc Stock Price, News & Analysis

Mattel (NASDAQ: MAT) has announced the first official UNO Championship Series Vegas Invitational Tournament on November 11 at the HyperX Esports Arena in Las Vegas, NV. Fans globally can watch the event live on the UNO TikTok channel starting at 6:00 pm PST. Competitors will vie for a grand prize of $50,000 and the prestigious title of the first official UNO World Champion. Earlier, nearly 2 million participants entered the UNO Mobile Tournament, battling in over 28 million matches. The tournament will feature special guests, immersive displays, and a grand finale.

Mattel, Inc. (NASDAQ: MAT) announced that its Chairman and CEO, Ynon Kreiz, will participate in a fireside chat at the Berenberg US CEO Conference 2021 on November 9, 2021, at 1:00 p.m. Eastern time. The event will be accessible via a webcast on Mattel’s Investor Relations website, with an archive available shortly after the live session concludes. As a premier global toy company, Mattel is known for its well-established brands like Barbie, Hot Wheels, and others, engaging consumers through innovative products that foster play and development.

Mattel celebrates the 50th anniversary of UNO with a collaboration featuring Nike and NBA star Giannis Antetokounmpo. This debut partnership includes a footwear line with unique designs inspired by UNO colors, a special apparel capsule, and a Giannis-branded UNO deck with a new game rule. The products will be available on Nike.com and Mattel Creations starting November 11, alongside an UNO mobile app event from November 1 to 30. The collaboration aims to honor both the game and Antetokounmpo's passion for it.

Mattel (NASDAQ: MAT) announces the launch of Hot Wheels NFT Garage™ - Series 1, set for release on November 16. This series offers 40 unique NFT designs inspired by classic Hot Wheels die-cast vehicles, priced starting at $15. Collectors have a chance to redeem over 5,000 vIRLs (virtual + In Real Life) for exclusive limited-edition die-cast cars, with around a 5% chance to acquire them. The NFTs will be available on the sustainable WAX blockchain, enhancing their appeal to collectors.

Mattel, Inc. (NASDAQ: MAT) reported its Q3 2021 results, showing Net Sales of $1,762 million, up 8% year-over-year. Gross Margin declined to 47.8%, down 280 basis points. Operating Income increased by $10 million to $389 million, while Adjusted EBITDA declined by $2 million to $463 million. Reported Net Income stood at $813 million due to a $510 million non-cash benefit. The company raised its full-year guidance for Net Sales in constant currency to approximately 15%.

WWE (NYSE: WWE) and Mattel (NASDAQ: MAT) announced a multi-year extension of their global master toy licensing agreement, granting exclusive rights for Action Figures, Accessories, and Kids Toy Title Belts. This partnership, ongoing since 2009, has produced a diverse portfolio of toys available in over 50 markets. WWE Action Figures are recognized as the No. 1 action figure property in the U.S. This collaboration aims to continue delivering innovative products that significantly drive revenue for retail partners.

Mattel, Inc. (NASDAQ: MAT) announced that Chairman and CEO Ynon Kreiz will participate in a panel discussion titled 'The Listening Project: Charting a New Course for Global Leaders' at the 2021 Milken Institute Global Conference. The event is scheduled for Tuesday, October 19, 2021, at 3:30 p.m. PT. Interested parties can access the live webcast on Mattel's Investor Relations website, with an archive available for playback for approximately one year.

Mattel, Warner Music Group, and iHeartMedia launched Barbie Radio, a 24-hour digital station available exclusively on iHeartRadio. The station features Barbie acting as a DJ, playing songs from her extensive catalog, including music from her latest album Barbie: Big City, Big Dreams. This initiative aims to engage children and families while promoting girl empowerment through its content. Barbie Radio can be accessed on various devices, providing an interactive musical experience for fans worldwide.

Mattel (NASDAQ: MAT) has achieved significant milestones in sustainability, sourcing 97% recycled or FSC-certified content in its products and packaging in 2020. The company has been awarded the 2021 Leadership Award by the FSC for its commitment to responsible forest management. Furthermore, Mattel launched a Tree Equity partnership with American Forests to address tree inequity in Los Angeles. The company aims to use 100% recycled, recyclable, or bio-based plastic by 2030, reflecting its ongoing efforts towards enhancing environmental responsibility.