Press release
Mattel Reports First Quarter 2025 Financial Results
First Quarter 2025 Highlights Versus Prior Year Net Sales of $827 million, up 2% as reported, and 4% in constant currency Gross Margin of 49.4%, an increase
About this update from Mattel, Inc.
[{"type":"text","content":"\nFirst Quarter 2025 Highlights Versus Prior Year\n\n\nNet Sales of $827 million, up 2% as reported, and 4% in constant currency\n\n\nGross Margin of 49.4%, an increase of 140 basis points; Adjusted Gross Margin of 49.6%, an increase of 130 basis points\n\n\nOperating Loss of $53 million, an increase of $17 million; Adjusted Operating Loss of $16 million, an improvement of $7 million\n\n\nNet Loss of $40 million, an increase of $12 million\n\n\nLoss per Share of $0.12 compared to a Loss of $0.08 per share; Adjusted Loss per Share of $0.03 compared to an Adjusted Loss of $0.05 per share\n\n\nAdjusted EBITDA of $57 million, an improvement of $4 million\n\n\nRepurchased $160 million of shares\n\n\nPausing full-year 2025 guidance until company has sufficient visibility, given the volatile macro-economic environment and evolving U.S. tariff situation\n\n\nMaintaining $600 million share repurchase target for 2025\n\n\n EL SEGUNDO, Calif.--(BUSINESS WIRE)--\nMattel, Inc. (NASDAQ: MAT) today reported first quarter 2025 financial results.\n\nYnon Kreiz, Chairman and CEO of Mattel, said: “This was a strong quarter for Mattel, with positive performance and continued operational excellence. Our brands are thriving, our products and experiences stand out in the marketplace, and our balance sheet gives us resilience and flexibility to execute our strategy. As we navigate the current period of macro-economic volatility, we are adapting with speed, agility, and discipline. We expect not only to manage through this period but strengthen our competitive position.”\n\nAnthony DiSilvestro, CFO of Mattel, added: “Mattel achieved top line growth in the quarter, with broad-based category strength and expanded gross margins. Given the evolving tariff situation, we are taking mitigating actions designed to fully offset the potential incremental cost impact. We are well positioned financially with ample cash and will continue to manage our balance sheet in line with our capital allocation priorities.”\n\nFirst Quarter Financial Overview\n\nNet Sales\n\nNet Sales were $827 million, up 2% as reported, or 4% in constant currency, versus the prior year’s first quarter. The increase in Net Sales as reported was driven by a 3% increase in North America, and a 1% increase in International. The increase in Net Sales in constant currency was driven by a 3% increa...