Funko (FNKO) Stock News

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 Due to increased uncertainty around China tariffs, Funko has withdrawn its 2025 outlook and plans to reduce China-sourced products to approximately 5% of US-bound merchandise by year-end.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.

Loungefly, a lifestyle brand owned by Funko (NASDAQ: FNKO), has announced a new collaboration with KFC to launch an exclusive accessory collection. The collection, available on Loungefly.com starting April 25, features designs inspired by KFC's Original Recipe fried chicken and Colonel Sanders.

The collection includes three main items: a Sherpa KFC Drumstick Crossbody Bag priced at $75, a pearlescent KFC Mini Backpack at $80, and a Colonel Sanders Wallet at $40. According to Doug Oglesby, Senior Vice President of Product Strategy and Planning at Funko, this collaboration demonstrates Loungefly's commitment to leveraging licensing opportunities for creating unique accessories.

Funko (NASDAQ: FNKO), a leading pop culture lifestyle brand, has scheduled its Q1 2025 financial results conference call for Thursday, May 8, 2025, at 4:30 p.m. ET. The call will cover financial performance for the quarter ending March 31, 2025.

Investors and interested parties can access the webcast through the investor relations section of Funko's website at investor.funko.com, where a replay will also be available after the call.

Funko (NASDAQ: FNKO) has announced plans to open its first Southeast Asian licensed store in the Philippines, scheduled for June 2025. The store, operated by local retailer Funtastik Enterprises Corp, will be located in SM Mall of Asia.

The expansion targets one of Funko's fastest-growing fan communities, as Filipino audiences rank among the world's most engaged Funko consumers. The Philippines market is characterized by thriving comic conventions, strong community engagement, and a booming e-commerce ecosystem.

The retail space will feature:

• Exclusive product drops
• Interactive zones
• Entertainment, sports, and music franchise collections
• Anime-themed products
• Various collectibles including Funko Pop!, Bitty Pop!, Loungefly
• Manila-exclusive apparel

Funko (Nasdaq: FNKO) has appointed Cliff Engle as Senior Vice President of Distribution, Logistics, and Operations, effective April 7, 2025. Engle will oversee the company's global distribution and logistics operations, including facilities in Arizona and the UK, focusing on operational excellence and supply chain strategy.

Bringing over 25 years of executive leadership experience in global supply chain and operations, Engle has held senior positions at Amazon, PETsMART, The Home Depot, Scotts MiracleGro, and Fender Musical Instruments. His most recent role was Chief Supply Chain Officer at PrimeSource Building Products.

CEO Cynthia Williams emphasized the timing of Engle's appointment, particularly in addressing shifting supply chain dynamics and tariff impacts. Engle holds a bachelor's degree in Global Business and Finance from Arizona State University and will report directly to Williams as part of Funko's executive leadership team.

Funko (NASDAQ: FNKO) has announced a groundbreaking collaboration with #1 New York Times bestselling author Lauren Roberts, launching its first-ever literary-based Pop! figures on March 31. The collection features characters Paedyn Gray and Kai Azer from Roberts' Powerless trilogy, marking Funko's first venture into creating collectibles based purely on book characters without prior media adaptations.

The launch strategically aligns with the release of Fearless, the trilogy's final installment, scheduled for April 2025. The Powerless series has achieved remarkable success, maintaining its position on the New York Times bestseller list for 34 weeks and selling over one million copies. The series' novella, Powerful, also spent nine weeks on the bestseller list.

Funko (NASDAQ: FNKO) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 net sales reached $293.7M (up 1% YoY), with gross margin improving to 42.4% from 37.6%. The quarter saw a reduced net loss of $1.5M ($0.03 per share) compared to $10.8M loss in 2023.

For full-year 2024, net sales decreased to $1.05B from $1.10B, while gross profit improved significantly to $434.5M (41.4% margin). The company reduced its annual net loss to $14.7M from $154.1M in 2023. Notable achievements include a $90M reduction in total debt and strong performance in direct-to-consumer and EMEA sales, driven by Pop! Yourself and Bitty Pop! product lines.

The company maintains a positive outlook for 2025, focusing on strategic growth through expansion in sports, music, and gaming categories, with growth expected to be weighted toward the second half of the year.