Toy-based films and adult collectors helped drive Mattel's growth in the second quarter, Mattel Chairman and CEO Ynon Kreiz said during a Tuesday (Aug. 4) earnings call. Mattel's net sales were 10% year over year in the second quarter, the global play and family entertainment company reported in a Tuesday press release.
The new Masters of the Universe movie wasn't the box office hit Mattel executives were hoping for, but it is proving to be a winner in the toy aisles, boosting sales of action figures and related items, the company reported in announcing its second-quarter results.
Mattel has spent years trying to transform into a toy and entertainment company, partnering with movie studios to bring its brands to the big screen. But as it stands, the majority of its revenue still comes from toy sales.
The toymaker posted a loss of $18.2 million, which it attributed to higher advertising costs and selling, general and administrative expenses.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today reported second quarter 2026 financial results. Ynon Kreiz, Chairman and CEO of Mattel, said: “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 ...
Mattel missed Wall Street expectations for second-quarter profit on Tuesday as consumers cut back on discretionary spending amid a slowdown in the traditional toy market.
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced the promotion of Roberto Stanichi to President, Chief Marketing and Brand Officer. Ynon Kreiz, Chairman and Chief Executive Officer of Mattel, said: “Roberto has made significant progress establishing Mattel's brand-centric organization and operating model. We have further aligned our brands, marketing, and demand c...