Mattel (MAT) Investor presentation summary

Strategic priorities and mission

• Focus on growing an IP-driven play and family entertainment business, emphasizing brand management and operational excellence.

• Accelerate profitable growth by expanding toy brands, direct-to-consumer reach, and commercial presence.

• Broaden content and licensing opportunities while optimizing operations and leveraging AI and digital play.

• Mission centers on creating innovative products and experiences that inspire, entertain, and develop children through play.

Key financial performance (2017–2025)

• Net sales increased from $4.88B in 2017 to $5.35B in 2025.

• Adjusted operating income improved from a loss of $203M in 2017 to a gain of $620M in 2025.

• Adjusted EBITDA rose from $126M in 2017 to $927M in 2025.

• Adjusted gross margin grew from 37.8% to 48.9% over the period.

• Adjusted EPS shifted from -$1.20 in 2017 to $1.41 in 2025.

Non-GAAP financial measures and reconciliations

• Uses non-GAAP metrics such as Adjusted Gross Profit, Adjusted Operating Income, Adjusted EPS, EBITDA, Adjusted EBITDA, Free Cash Flow, and Leverage Ratio.

• Adjusted metrics exclude asset impairments, restructuring, non-recurring compensation, product recalls, and certain tax items.

• Adjusted gross profit and margin provide insight into core profitability trends.

• Adjusted operating income and margin reflect core operating results, excluding non-core items.

• Adjusted EPS and EBITDA offer additional perspective on underlying business performance.