Headquartered in Everett, WA Fiscal year ends December NASDAQ: FNKO funko.com
Funko, Inc. is a pop culture lifestyle and collectibles company that designs, sources and distributes licensed products across multiple categories. These include vinyl figures (notably the Pop! line), action toys, plush, apparel, housewares and accessories for fans seeking tangible ways to connect with favorite brands and characters. Sales are reported in three brand categories:
- Core Collectibles: Standard Pop!, Mystery Minis, Advent Calendars and others.
- Loungefly: fashion accessories such as mini backpacks.
- Other: including Mondo collectibles.
The company sells through retail partners, direct-to-consumer channels (Funko.com, Loungefly.com, MondoShop.com), flagship stores, conventions and experiential venues. It generates the majority of sales in the United States, with growing contributions from Europe and other international markets. Funko depends on third-party licensors for content, and its top 10 properties account for about a third of quarterly sales. Under its 'Make Culture Pop!' strategy, it is pursuing:
- faster cultural sensing and new fandoms, such as A Court of Thorns and Roses and WWE
- high-end collectibles such as the POP! 250 one-of-one auction series with Goldin
- experiences such as a shop at FAO Schwarz with Pop! Yourself
- a SKU rationalization at Loungefly
TCG is a significant stockholder. Updated
Gross margin widened to 45.2% from a year ago, above the company's own guidance, on lower tariffs, royalties and freight. Adjusted EBITDA cleared the top of guidance and the full-year outlook stayed intact, yet the stock sold off in after-hours trade.
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Funko, Inc. is a pop culture lifestyle and collectibles company that designs, sources and distributes licensed products across multiple categories.
The Wall Street consensus 12-month price target for FNKO is $7.25.
