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Mattel: third quarter 2025 financial results

Ynon Kreiz, Chairman and CEO of Mattel, said: “While our US business was challenged in the third quarter by industry-wide shifts in retailer ordering patterns, the fundamentals of our business are strong, with growth in consumer demand for our products across every region. Since the beginning of the fourth quarter, orders from retailers in the US have accelerated significantly and our POS is growing. Looking into the balance of the year, we expect a good holiday season for Mattel and strong topline growth in the fourth quarter. We are reiterating our full year 2025 guidance and are advancing our strategy to grow our IP-driven toy business and expand our entertainment offering.”

Third Quarter 2025 Highlights Versus Prior Year

  • Net Sales of $1,736 million, down 6% as reported, and 7% in constant currency
  • Gross Margin of 50.0%, a decrease of 310 basis points; Adjusted Gross Margin of 50.2%, a decrease of 290 basis points
  • Operating Income of $380 million, a decrease of $108 million; Adjusted Operating Income of $387 million, a decrease of $117 million
  • Net Income of $278 million, a decrease of $94 million
  • Earnings per Share of $0.88 compared to $1.09 per share; Adjusted Earnings per Share of
  • $0.89 compared to $1.14 per share
  • Repurchased $202 million of shares, bringing year-to-date total to $412 million
  • Company reiterates 2025 guidance; reaffirms 2025 share repurchase target of $600 million

Find more information in the source description. 

Source: https://corporate.mattel.com/news/mattel-reports-third-quarter-2025-financial-results 

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