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Funko (FNKO)

Earnings summaries and quarterly performance for Funko.

Recent press releases and 8-K filings for FNKO.

Funko Reports Q3 2025 Financial Results and Outlines "Make Culture Pop" Strategy
FNKO
Earnings
Guidance Update
Demand Weakening
  • Funko reported Q3 2025 net sales of $250.9 million, a gross margin of 40.2%, and adjusted diluted earnings per share of $0.06.
  • The company ended Q3 2025 with $39.2 million in cash and $241 million in total debt, with a refinancing process ongoing.
  • For Q4 2025, Funko expects net sales to increase modestly from Q3 2025, a gross margin of approximately 40%, and an adjusted EBITDA margin in the mid to high single digits range.
  • CEO Josh Simon, in his first earnings call, outlined the "Make Culture Pop" strategy, focusing on culture, creativity, and commerce, and announced multi-year renewal agreements with major licensing partners including The Walt Disney Company.
  • Global point-of-sale (POS) units were down 3% year-over-year in Q3 2025, with the U.S. down mid to high single digits and EMEA up low double digits.
Nov 6, 2025, 9:30 PM
Funko announces Q3 2025 results
FNKO
Earnings
Demand Weakening
New Projects/Investments
  • Funko reported a decrease in net sales for Q3 2025, falling to $251 million from $293 million in Q3 2024.
  • This sales decline was primarily attributed to a $27 million drop in Core Collectibles due to tariff disruption and macroeconomic uncertainty, alongside reductions in Loungefly and other product lines.
  • Gross margin slightly decreased to 40.2% in Q3 2025 from 40.9% in Q3 2024, with improved product margins largely offset by duties & tariffs and royalty minimum guarantee shortfalls.
  • The company announced a new retail space at the Inter Miami CF stadium for the upcoming MLS season and highlighted its speed-to-market capability with the successful launch of KPop Demon Hunters products.
Nov 6, 2025, 9:30 PM
Funko Reports Q3 2025 Financial Results
FNKO
Earnings
Guidance Update
Demand Weakening
  • Funko reported net sales of $250.9 million for Q3 2025, a 14.3% decrease compared to $292.8 million in Q3 2024.
  • Net income declined to $0.9 million ($0.02 per diluted share) in Q3 2025 from $4.6 million ($0.08 per diluted share) in Q3 2024, with Adjusted EBITDA also decreasing to $24.4 million from $31.0 million over the same period.
  • The company's total debt increased to $241.0 million at September 30, 2025, from $182.8 million at December 31, 2024, and inventories rose to $99.8 million from $92.6 million.
  • For Q4 2025, Funko anticipates net sales to increase modestly from Q3 2025, a gross margin of approximately 40%, and an Adjusted EBITDA margin in the mid- to high single-digits range.
Nov 6, 2025, 9:25 PM

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