Exhibit 99.1

MAD CATZ^® REPORTS FISCAL 2014 SECOND QUARTER FINANCIAL RESULTS

Net Sales of $17.8 million; Diluted Loss per Share of $0.07

San Diego, CA – November 7, 2013 – Mad Catz Interactive, Inc. (“Mad Catz” or the “Company”) (NYSE MKT/TSX: MCZ), today announced financial results for the fiscal 2014 second quarter ended September 30, 2013.

Key Fiscal 2014 Second Quarter Highlights:

Summary of Financials

(in US$ thousands, except margins and per-share data)

Commenting on the results, Darren Richardson, President and Chief Executive Officer of Mad Catz, said, “Our fiscal 2014 second quarter results were significantly impacted by the ongoing console transition around the upcoming launch of the Xbox One and PlayStation 4 gaming consoles. Sales were generally down across the board during the quarter, with Saitek-branded PC and Mac products being the one of our three brands showing a gain over the prior year. Our Tritton headset business was impacted by a significant shift towards lower price point products, while sales of our legacy controller products and non-recurring games, specifically Damage Inc., also contributed to the decline in net sales.”

Summary of Key Sales Metrics

“The video game industry and Mad Catz are in front of a major milestone as the 2013 holiday season approaches and I am confident that our newest products position us to benefit from this inflection point as the console transition and rapidly growing appeal of mobile gaming gain traction. We are excited by the opportunities the Xbox One and PlayStation 4 consoles will bring and believe our products will make a positive contribution to sales as the new consoles roll out creating a spur in sales of products for both legacy and new consoles. In addition, we believe our GameSmart initiative, including our M.O.J.O. micro console for Android, will position us for the emergence of a new industry segment for mobile products.”

Mr. Richardson concluded, “The recent announcements from Apple and Google introducing support for gaming peripherals establishes the infrastructure to support a core gaming experience on mobile. As game developers begin to take advantage of the full potential of the new operating systems, our GameSmart initiative will be well positioned to fully leverage this emerging opportunity with its one-of-a kind ecosystem of gaming accessories.”

Karen McGinnis, Chief Financial Officer of Mad Catz, added, “Fiscal 2014 second quarter net sales were affected by general weakness around the globe. On a category basis, sales of our mice and keyboards were essentially flat with the prior year quarter driven by better-than-expected gaming keyboard sales which offset weaker sales of gaming mice. Sales of our Saitek-branded products were up slightly over the prior year while our Tritton and Mad Catz-branded audio products were significantly affected by the console transition and a consumer shift towards lower price point headsets. Due to our second quarter financial results, we were in violation of the fixed charge covenant ratio in our Credit Facility as of

September 30, 2013. However, we were successful in obtaining a waiver and entered into an amendment of the Credit Facility. The amendment removed the quarterly fixed charge coverage ratio requirement through March 31, 2014, established new monthly financial covenants through May 31, 2014, increased the interest rate, and lowered the inventory sublimit and overall availability on the line of credit.”

The Company will host a conference call and simultaneous webcast on November 7, 2013, at 5:00 p.m. ET, which can be accessed by dialing (212) 231-2915. Following its completion, a replay of the call can be accessed for 30 days at the Company’s Web site (www.madcatz.com, select “About Us/Investor Relations”) or for 7 days via telephone at (800) 633-8284 (reservation #21682087) or, for International callers, at (402) 977-9140.

About Mad Catz

Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz^® (gaming), Tritton^® (audio), and Saitek^® (simulation) brands. Mad Catz products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows^® PC and Mac^® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com.

Social Media

Safe Harbor

Information in this press release that involves the Company’s expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “should,” “plan,” “goal,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release are the following: the ability to maintain or renew the Company’s licenses; competitive developments affecting the Company’s current products; first-party price reductions; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company’s most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments, except as may be require by applicable law. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

Contact:

Karen McGinnis

Chief Financial Officer

Mad Catz Interactive, Inc.

kmcginnis@madcatz.com or (619) 683-9830

Joseph Jaffoni, Norberto Aja, Jim Leahy

JCIR

mcz@jcir.com or (212) 835-8500

- TABLES FOLLOW -

Consolidated Statements of Operations

(in thousands of U.S. dollars, except share and per share data)

(unaudited)

Consolidated Balance Sheets

(in thousands of U.S. dollars)

(unaudited)

Consolidated Statements of Cash Flows

(in thousands of U.S. dollars)

(unaudited)

Supplementary Data

EBITDA and Adjusted EBITDA Reconciliation (non-GAAP)

(in thousands of U.S. dollars)

(unaudited)

EBITDA, a non-GAAP financial measure, represents net loss before interest, taxes, and depreciation and amortization. Beginning in the second quarter of fiscal 2014, we revised our calculation of Adjusted EBITDA to exclude stock-based compensation, the gain/loss on the change in the fair value of the related warrant liability, goodwill impairment, if any, and acquisition related items. We believe that excluding these non-operating, non-cash items from EBITDA better reflects our underlying performance than the previously calculated EBITDA. Adjusted EBITDA is not intended to represent cash flows for the period, nor is it being presented as an alternative to operating or net income as an indicator of operating performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with generally accepted accounting principles in the United States. As defined, Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the method of calculation. We believe, however, that in addition to the performance measures found in our financial statements, Adjusted EBITDA is a useful financial performance measurement for assessing our Company’s operating performance. Our management uses Adjusted EBITDA as a measurement of operating performance in comparing our performance on a consistent basis over prior periods, as it removes from operating results the impact of our capital structure, including the interest expense resulting from our outstanding debt, and our asset base, including depreciation and amortization of our capital and intangible assets. In addition, Adjusted EBITDA is an important measure for our lender.