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. reports developments across its global play and family entertainment business, built around franchise brands such as Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, Matchbox, Monster High and Polly Pocket. Company updates commonly cover toys, content, consumer products, digital games and live experiences sold through retail and ecommerce relationships.
Recurring news includes quarterly financial results, brand and franchise product launches, entertainment-related licensing and promotional partnerships, digital strategy updates following the completed acquisition of full ownership of Mattel163, share repurchases and capital allocation, shareholder engagement, board review of strategy, and changes in the global commercial organization.
Mattel, Inc. (NASDAQ: MAT) has announced a donation of $5 for each eligible Barbie doctor, nurse, and paramedic doll sold at Target to the First Responders Children’s Foundation (FRCF). This initiative is part of Mattel's #ThankYouHeroes program aimed at supporting children of first responders who battled COVID-19. The program highlights six frontline workers through collectible dolls, reinforcing Mattel's commitment to community engagement. Additionally, the Barbie Fast Cast Clinic™ playset has been introduced, promoting imaginative play. Donations are capped at $50,000 and run from August 1 to August 28.
Today, Mattel (NASDAQ: MAT) launched the UNO Artiste Series deck featuring designs by acclaimed artist Shepard Fairey on its platform, Mattel Creations. This collectible deck, available for $20, emphasizes sustainability with its paper-based design, eliminating plastic trays. Fairey expressed excitement over integrating his art with the iconic UNO brand, recalling his childhood memories of the game. The partnership also includes a donation to Ocean Conservancy. Since 2019, the UNO Artiste Series has celebrated artists like Jean-Michel Basquiat and Keith Haring, reinforcing Mattel's commitment to art and culture.
Mattel, Inc. (NASDAQ: MAT) reported a strong second quarter for 2021, with net sales increasing by 40% year-over-year. This growth includes a 36% rise in constant currency. The company experienced a notable improvement in operating income, reporting $49 million compared to a loss of $48 million last year. Adjusted EBITDA more than quadrupled, reflecting enhanced profitability. Gross margin rose to 47.5%, aided by high sales growth and efficiencies despite inflationary pressures. Mattel raised its financial guidance, underscoring its robust performance and growth outlook.
Mattel, Inc. (NASDAQ: MAT) will release its second quarter 2021 financial results on July 27, 2021, at approximately 4:05 p.m. ET. A conference call and webcast will follow at 5:00 p.m. ET, accessible via Mattel's Investor Relations website. The live call can be accessed by logging in early, and a recording will be available for 90 days post-call. A telephonic replay will also be available until August 3, 2021. For additional financial data, visit the Investors section of Mattel’s corporate site.
Mattel (NASDAQ: MAT) plans to transform its iconic Polly Pocket micro-doll line into a live-action film. Collaborating with MGM and Lena Dunham’s production company, the project features Dunham as the writer and director, with Lily Collins starring as Polly. The film aims to reintroduce Polly's nostalgic charm while appealing to modern audiences. Polly Pocket has been a beloved franchise for over 30 years and is currently the top global playset doll growth property. The film joins several other projects in development by Mattel Films.
Mattel, Inc. (NASDAQ: MAT) announced the launch of Crossed Signals, a new electronic light and sound matching game for players aged 8 and older. This addition to the Mattel Games lineup enhances active gameplay with four variations, including Light Pursuit and Signal Showdown. Available now at Target for $19.99, it will also be accessible globally this fall. The game aims to provide an interactive experience, promoting social play at home or outdoors.
Mattel (NASDAQ: MAT) is launching a series of Non-Fungible Tokens (NFTs) from its Hot Wheels brand through its Mattel Creations platform. The Hot Wheels NFT Garage™ will feature three unique vehicles from “The First Editions” collection, available for auction starting June 22, 2021. This move aims to expand Mattel's presence in the digital art space and attract new collectors who prefer cryptocurrency transactions, specifically Ethereum. The initiative underscores Mattel's commitment to innovation while bridging physical products with digital art.
Mattel, Inc. (NASDAQ: MAT) announces that CEO Ynon Kreiz will join a fireside chat at the Nasdaq 44th Investor Conference on June 16, 2021, at 12:00 p.m. Eastern time. The event will be streamed on Mattel’s Investor Relations website, where an archive will also be available post-event. Mattel is a global leader in the toy industry, featuring iconic brands such as Barbie, Hot Wheels, and Fisher-Price, and operates in 35 locations, serving over 150 countries. The company focuses on creating innovative products that inspire and develop children through play.
American Girl, part of the Mattel portfolio, released a new book titled A Smart Girl's Guide: Race & Inclusion. This book, authored by diversity expert Deanna Singh, aims to educate readers aged 10 and up about race, racism, and anti-racism. It provides tools for gaining racial fluency and encourages readers to engage in discussions about race. The book is priced at $12.99 and includes various practical activities. American Girl continues its commitment to diverse storytelling and has donated over $500,000 to organizations supporting education.
Mattel, Inc. (NASDAQ: MAT) has launched the Barbie Loves the Ocean collection, the first fashion doll line made from recycled ocean-bound plastic. This initiative aligns with Mattel's commitment to achieving 100% recycled, recyclable, or bio-based plastic materials across all products by 2030. The collection features dolls made from 90% recycled materials and includes a Beach Shack playset. Furthermore, the brand emphasizes sustainability through various campaigns, including a partnership with 4ocean to combat plastic waste. This reinforces Mattel's evolution toward fostering environmental consciousness among children.