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● ● ● ● ● MATTEL MATTEL REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS Net Sales of $ 1,026 million , up 40 % as reported , and 36 % in constant currency , versus prior year Reported Gross Margin of 47.5 % , an improvement of 390 basis points ; Adjusted Gross Margin of 47.5 % , an improvement of 370 basis points Reported Operating Income of $ 49 million , an improvement of $ 97 million ; Adjusted Operating Income of $ 67 million , an improvement of $ 94 million Reported Net Loss of $ 6 million , an improvement of $ 106 million Adjusted EBITDA of $ 131 million , an increase of $ 102 million Updated 2021 guidance to be provided on the Company's Q2 2021 conference call and live webcast EL SEGUNDO , Calif . , July 27 , 2021 – Mattel , Inc. ( NASDAQ : MAT ) today reported second quarter 2021 financial results . Ynon Kreiz , Chairman and CEO of Mattel said : " This was another exceptional quarter for Mattel , with outstanding consumer demand for our product . Our strength is foundational and broad based . We believe we are in the strongest position we have been in many years to improve profitability and accelerate topline growth . This is an exciting time for Mattel . " Mr. Kreiz continued : " Our overall performance this quarter and comprehensive topline growth is adding momentum to our transformation strategy . We are now firmly in growth mode and establishing Mattel as an IP - driven , high - performing toy company . " Anthony DiSilvestro , CFO of Mattel said : “ Mattel continued its strong performance this quarter , with substantial gains in net sales , further expansion of oss margin , and more than quadrupling our Adjusted EBITDA . We are meaningfully increasing our cash flow generation and free cash flow conversion as well as strengthening the balance sheet . We are pleased to raise guidance as we continue to improve profitability and accelerate topline growth . " For the second quarter , Net Sales were up 40 % as reported , and 36 % in constant currency , versus the prior year's second quarter . Reported Operating Income was $ 49 million , an improvement of $ 97 million , and Adjusted Operating Income was $ 67 million , an improvement of