Funko (FNKO) Stock News

Funko (Nasdaq: FNKO), a leading pop culture lifestyle brand, has announced an inducement grant for its new CEO Josh Simon. The grant consists of 1,000,000 restricted stock units of Class A common stock under the Funko, Inc. 2024 Inducement Plan.

The award will vest over four years in equal annual installments starting September 1, 2025, contingent on Simon's continued employment. The grant, made in accordance with Nasdaq Listing Rule 5635(c)(4), includes full acceleration provisions upon a change in control and was designed as an inducement for Simon to join Funko as CEO.

Funko (NASDAQ:FNKO) has appointed Josh Simon as its new Chief Executive Officer, effective September 1, 2025. Simon, who succeeds Interim CEO Mike Lunsford, joins Funko from Netflix, where he served as Vice President of Consumer Products. During his tenure at Netflix, he oversaw the global merchandise business, live experiences, and the Roald Dahl Story Company.

Simon brings extensive experience from leadership roles at major companies including Netflix, Nike, and Disney. At Netflix, he successfully scaled the consumer products division, launched an e-commerce platform, and managed relationships with major retailers. His previous roles included Vice President of Global Strategy at Nike and various positions at Disney's Motion Picture Group.

Funko (NASDAQ:FNKO) reported challenging Q2 2025 financial results, with net sales declining 21.9% to $193.5 million compared to $247.7 million in Q2 2024. The company experienced significant margin pressure, with gross margin dropping to 32.1% from 42.0% year-over-year.

The company reported a net loss of $41.0 million ($0.74 per share) compared to net income of $5.4 million in Q2 2024. Core Collectible sales decreased 15.7%, while Loungefly sales fell 23.2%. Total debt increased to $256.6 million from $182.8 million at year-end 2024.

For H2 2025, Funko expects performance improvement versus H1, projecting high single-digit sales decline and adjusted EBITDA margin in mid to high single-digits, with Q4 results expected to outperform Q3.

Funko (NASDAQ:FNKO), the popular pop culture lifestyle brand, has scheduled its Q2 2025 earnings conference call for Thursday, August 7, 2025, at 4:30 p.m. ET. During the call, management will discuss financial results for the quarter ended June 30, 2025.

Investors can access the webcast through Funko's investor relations website at investor.funko.com. A replay of the presentation will be available on the same platform after the event.

Funko (Nasdaq: FNKO), a pop culture lifestyle brand, has secured an amendment to its credit facilities from September 2021. The key modifications include waivers for financial covenants covering Q2 and Q3 2025, and a reduction in revolving commitments from $150M to $135M as of July 16, 2025, further decreasing to $125M by December 31, 2025.

The company received 100% bank group consent for the amendment and has engaged Moelis & Company LLC to explore refinancing options for its credit facilities, which mature in September 2026. The changes are part of Funko's tariff mitigation strategy to enhance financial flexibility.

Funko (Nasdaq: FNKO), the pop culture lifestyle brand, has announced the appointment of Michael Lunsford as Interim Chief Executive Officer, effective July 5, 2025, following Cynthia Williams' departure. Lunsford, who previously served as Interim CEO in 2023-2024 and remains a board member, was selected to help realize the company's full potential.

Chairman Charles Denson indicated that the leadership change was necessary to deliver full shareholder value. Lunsford's immediate priorities include identifying a new permanent CEO, accelerating organic growth, and exploring financial and strategic options. He acknowledged recent global business environment challenges while emphasizing focus on profitable growth and fan engagement.

Funko (NASDAQ: FNKO) has announced a significant expansion of its Pop! Yourself personalization platform through a new collaboration with Major League Baseball. The partnership allows fans to create customized Pop! figures wearing official jerseys with logos from any of the 30 MLB teams. Priced at $45 each, these personalized collectibles include a team jersey of choice, two themed accessories (such as baseball, glove, foam finger, or popcorn), and official MLB packaging. This initiative expands Funko's existing MLB merchandise lineup and taps into the $30 billion personalized gifting market. The Pop! Yourself platform aims to celebrate various life occasions while allowing sports fans to express their team loyalty through customized collectibles.

Funko (NASDAQ: FNKO) reported Q1 2025 financial results with net sales of $190.7 million, down from $215.7 million in Q1 2024. The company posted a net loss of $28.1 million ($0.52 per share), compared to a loss of $23.7 million ($0.45 per share) year-over-year. Despite challenges, gross margin improved slightly to 40.3%. International performance remained strong, with European sales nearly flat at $54.2 million. Core Collectibles saw an 8% decline, while Loungefly dropped 13%. Due to increased uncertainty around China tariffs, Funko has withdrawn its 2025 outlook and plans to reduce China-sourced products to approximately 5% of US-bound merchandise by year-end.

Funko (NASDAQ: FNKO) has announced a groundbreaking partnership with the WNBA to launch its first-ever WNBA player Pop! figures collection. The initial wave, set for pre-sale on May 14, 2025, will feature four prominent players: A'ja Wilson (Las Vegas Aces), Angel Reese (Chicago Sky), Breanna Stewart (New York Liberty), and Caitlin Clark (Indiana Fever).

This initiative follows Funko's successful ventures in basketball merchandising, including the NBA Pop! Yourself and NBA Crossover Activation. The company plans to expand its presence through upcoming activations at major events like the NBA Finals and Fanatics Fest NYC, demonstrating its commitment to sports culture and fan engagement.