Mattel(US:MAT)2025-10-21 21:00Financial Performance - Net Sales decreased by 6% to $1736 million[25], with a 7% decrease in constant currency[25] - Adjusted Gross Margin decreased by 290 bps to 502%[25] - Adjusted Operating Income decreased by $117 million to $387 million[25] - Adjusted EPS decreased by $025 to $089[25] Category Performance - Dolls category decreased by 12%, while Vehicles increased by 6%[29] - Infant, Toddler, and Preschool category declined by 26%, while Challenger category increased by 9%[29] Regional Performance - North America Gross Billings decreased by 10% in constant currency[33] - EMEA Gross Billings increased by 3% in constant currency[33] - Latin America Gross Billings decreased by 4% in constant currency[33] - Asia Pacific Gross Billings increased by 11% in constant currency[33] Cash Flow and Balance Sheet - Year-to-date Free Cash Flow was negative $328 million[46] - Trailing Twelve Months (TTM) Free Cash Flow was $488 million[46] - $202 million of shares were repurchased in Q3, bringing the year-to-date total to $412 million[13, 47]