Mattel(MAT) - 2024 Q3 - Quarterly Results

Exhibit 99.1 NEWS RELEASE MATTEL REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Third Quarter 2024 Highlights Versus Prior Year • Net Sales of $1,844 million, down 4% as reported, and 3% in constant currency • Gross Margin of 53.1%, an increase of 210 basis points; Adjusted Gross Margin of 53.1%, an increase of 210 basis points • Operating Income of$ 488 million, an increase of $14 million; Adjusted Operating Income of$ 504 million, a decrease of $2 million • Net Income of$ 372 million, an improvement of $226 ...