Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings (Unaudited Results) August 4, 2026
Slide 2: Forward-Looking Statements / Presentation Information
Forward-Looking Statements / Presentation Information This presentation 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
Slide 3: Mattel, Inc. Who We Are
Mattel, Inc. Who We Are 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, Mas
Slide 4: Mattel's Brand-Centric Strategy
Mattel’s Brand-Centric Strategy Grow IP-Driven Play and Family Entertainment Business Our mission is to create innovative products and experiences that inspire fans, entertain audiences, and develop children through play ©2026 Mattel, Inc. All Rights Reserved. 4
Slide 5: Q2 2026 CEO Overview
Q2 2026 CEO Overview Executing strategy to grow IP-driven play and family entertainment business Net Sales grew strongly, double-digit growth in North America; driven by owned and partner IP, and digital games following the full acquisition of M163 #1 globally in Dolls, Vehicles, and ITPS; gained sh
Slide 6: Q2 2026 Portfolio Highlights
Q2 2026 Portfolio Highlights Growth driven by Vehicles and Challenger categories Vehicles +11% Dolls -7% Hot Wheels growth across both kids Barbie and Polly Pocket decline partially and adult collectors offset by growth in K-Pop Demon Hunters and Disney Princess & Frozen Hot Wheels on track to achie
Slide 7: Q2 2026 Entertainment Highlights
Q2 2026 Entertainment Highlights Strong progress in digital games and films M163 integration progressing well MOTU self-published mobile game launched, establishing capabilities UNO Wild self-published mobile game in soft launch; commercial launch early 2027 Announced two licensed PC and console tit
Slide 8: Q2 2026 Gross Billings by Region
Q2 2026 Gross Billings by Region North America up 12%, International up 5% North America EMEA Latin America Asia Pacific +12% +7% $613 $548 $363 Comp. $334 +4% $152 $165 $117 $126 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Believe US ordering patterns have now largely stabilized In $M,
Slide 9: Q2 2026 Adjusted Gross Margin Comparison
Q2 2026 Adjusted Gross Margin Comparison Decline primarily due to the gross incremental cost of tariffs, inflation, and royalties -260bps 51.2% 0.8% 48.6% 1.7% 1.2% 1.2% 1.1% 0.6% Q2 ’25 Gross Inflation Royalties FX M163 Other Q2 ’26 Tariff Cost Digital strategy and tariff mitigation efforts partial
Slide 10: Q2 2026 Advertising and Adjusted SG&A
Q2 2026 Advertising and Adjusted SG&A Increases primarily due to M163, marketing and engagement activities, and strategic investments Advertising Adj. SG&A +$38 $384 +$45 $346 $124 $79 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Strategic investments in 2026 expected to drive accelerated top and bottom-line growth
Slide 11: Q2 2026 Adjusted Profit Metrics
Q2 2026 Adjusted Profit Metrics Bottom-line declined due to higher Advertising and Adjusted SG&A Adj. Operating Income Adj. EBITDA Adj. EPS -$74 $96 -$57 $170 $0.21 $95 $39 -$0.20 $0.01 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Q2 ’25 Q2 ’26 Strategic investments in 2026 expected to drive accelerated top and bott
Slide 12: TTM 2026 Free Cash Flow
TTM 2026 Free Cash Flow Reflecting lower Net Income excluding non-cash items, and higher capex (in $M) TTM 2026 TTM 2025 Cash from Operations $666 $743 Capital Expenditures ($232) ($213) Free Cash Flow $435 $530 Repurchased $100M shares in Q2; total $1.5B since resuming program in 2023, reducing sha
Slide 13: Balance Sheet Highlights
Balance Sheet Highlights Lower cash due to TTM share repurchases, capex, and M163 acquisition (in $M) Q2 2026 Q2 2025 Cash $524 $870 Inventory $830 $868 Total Debt $2,334 $2,337 Leverage Ratio (Total Debt / Adj. EBITDA) 3.0x 2.2x Continue to manage balance sheet in line with capital allocation prior
Slide 14: Optimizing for Profitable Growth
Optimizing for Profitable Growth On plan to achieve target cost savings of $225M by end of 2026 Target Savings Allocation ~$50 ~$50 ~$225 $89 ~$32 SG&A ~45% $15M of savings in Q2 $205M of savings achieved since launching $83 program in 2024 COGS ~55% 2024 2025 2026 E Targeting approximately $50M of
Slide 15: 2026 Guidance Reiterated
2026 Guidance Reiterated Momentum in toys and entertainment FY2026 FY2025 (In $M, except Adjusted EPS and percentages) Guidance Actuals Net Sales +3% to 6% (CC) $5,348 Adjusted Gross Margin Approx. 50% 48.9% Adjusted Operating Income $580 - $630 $652 Adjusted Tax Rate Approx. 24% 20% Adjusted EPS $1
Slide 16: Closing
Closing “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 portfoli
Slide 17: Appendix
Appendix 17
Slide 18: Consolidated Statements of Operations
Consolidated Statements of Operations ©2026 Mattel, Inc. All Rights Reserved. 18
Slide 19: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets ©2026 Mattel, Inc. All Rights Reserved. 19
Slide 20: Supplemental Balance Sheet and Cash Flow Data
Supplemental Balance Sheet and Cash Flow Data ©2026 Mattel, Inc. All Rights Reserved. 20
Slide 21: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ©2026 Mattel, Inc. All Rights Reserved. 21
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ©2026 Mattel, Inc. All Rights Reserved. 22
Slide 23: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MATTEL, INC. AND SUBSIDIARIES EXHIBIT III 1 SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited) 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 Ta
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MATTEL, INC. AND SUBSIDIARIES EXHIBIT III 1 SUPPLEMENTAL FINANCIAL INFORMATION (Unaudited) 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
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ©2026 Mattel, Inc. All Rights Reserved. 25
Slide 26: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ©2026 Mattel, Inc. All Rights Reserved. 26
Slide 27: Worldwide Net Sales and Gross Billings
Worldwide Net Sales and Gross Billings ©2026 Mattel, Inc. All Rights Reserved. 27
Slide 28: Net Sales and Gross Billings by Segment
Net Sales and Gross Billings by Segment ©2026 Mattel, Inc. All Rights Reserved. 28
Slide 29: Net Sales and Gross Billings by Segment
Net Sales and Gross Billings by Segment ©2026 Mattel, Inc. All Rights Reserved. 29
Slide 30: Glossary of Non-GAAP Financial Measures & Key Performance Indicator
Glossary of Non-GAAP Financial Measures & Key Performance Indicator NON-GAAP FINANCIAL MEASURES 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 mean
Slide 31: Glossary of Non-GAAP Financial Measures & Key Performance Indicator
Glossary of Non-GAAP Financial Measures & Key Performance Indicator NON-GAAP FINANCIAL MEASURES 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
Slide 32: Glossary of Non-GAAP Financial Measures & Key Performance Indicator
Glossary of Non-GAAP Financial Measures & Key Performance Indicator NON-GAAP FINANCIAL MEASURES 2026 Guidance 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, Adjus