Welcome to our dedicated page for Funko news (Ticker: FNKO), a resource for investors and traders seeking the latest updates and insights on Funko stock.
Funko, Inc. sells pop culture lifestyle and collectibles products under brands that include Funko, Loungefly and Mondo. Its updates commonly cover Core Collectibles, vinyl figures, micro-collectibles, fashion accessories, apparel, plush, action toys, high-end art and music collectibles, including the Pop!, Bitty Pop! and Pop! Yourself lines.
Company news also centers on quarterly and annual results, gross margin, inventory and debt trends, international sales, licensing and retail-channel activity. Other recurring items include credit-agreement amendments, Nasdaq inducement equity grants, board and executive changes, and investor presentation materials.
Funko (Nasdaq: FNKO) has appointed Glenn Abell as Senior Vice President of Sales for the U.S. and Canada, effective February 24, 2025. Abell brings over 20 years of experience in the global toy and collectibles industry, having previously held senior leadership roles at Mattel, Moose Toys, and The LEGO Group.
In his new role, Abell will oversee Funko's sales organization, driving strategy, execution, and growth across wholesale and specialty sales channels. CEO Cynthia Williams expressed confidence that Abell's track record of driving revenue growth and building high-performing sales teams will be instrumental in Funko's strategic fandom expansion and transformation.
Prior to joining Funko, Abell served as General Manager and Global Head of the building sets category at Mattel. He also has extensive board experience, including serving on the Board of Trustees for the Toy Foundation.
Funko (Nasdaq: FNKO), a leading pop culture lifestyle brand, has announced it will host a conference call to discuss its fourth quarter 2024 financial results on Thursday, March 6, 2025, at 4:30 p.m. ET. The conference call will be accessible via webcast through the investor relations section of Funko's website. A replay of the webcast will be made available on the same website after the call.
Funko (NASDAQ: FNKO) has announced a partnership with the NBA to expand its Pop! Yourself product line, allowing fans to create personalized vinyl figures featuring official logos of all 30 NBA teams. The launch is scheduled for February 14, coinciding with NBA All-Star 2025 in the San Francisco Bay Area.
The customizable figures will be available through Funko's online platform for $35, featuring black tank tops with official team logos, two accessories (basketball and trophy), and NBA-branded packaging. Additionally, Funko will host The Pop! Yourself NBA FanCave at NBA Crossover, featuring meet-and-greets with NBA stars Darius Garland and Cade Cunningham, personalization stations, photo opportunities, and exclusive merchandise shopping.
Funko (NASDAQ: FNKO) has appointed Jenn Reeves as Senior Vice President of Brand, reporting directly to CEO Cynthia Williams. Reeves brings over 20 years of experience in brand revitalization and repositioning, most recently serving as Global Vice President of Brand Marketing at Stanley 1913.
In her new role, Reeves will be responsible for driving Funko's global brand strategy, overseeing brand positioning, voice, persona, and growth strategies. Her responsibilities include developing breakthrough campaigns, creative brand storytelling, integrated marketing strategies, and brand partnerships across Funko's product portfolio, which includes vinyl figures, bags, apparel, high-end collectibles, and accessories.
The appointment aims to strengthen Funko's market position and deepen consumer engagement through innovative marketing approaches and cohesive brand messaging across all channels.
Funko (NASDAQ: FNKO) has appointed Jason Harinstein as an independent director to its Board, expanding it to nine members. Harinstein, currently CFO of Collectors Holdings, Inc., joins the company's Audit Committee. He brings extensive experience in the collectibles industry and financial expertise as a two-time CFO. CEO Cynthia Williams highlighted Harinstein's strategic vision aligning with Funko's growth plans, particularly noting recent initiatives like Pop! Yourself and Bitty Pop!
Harinstein's background includes roles as CFO at Flatiron Health, SVP of Corporate Development and Strategy at Groupon, and Director of Corporate Development at Google. He currently serves on Groupon's board and holds degrees from Northwestern University and the University of Chicago Booth School of Business.
Legendary Entertainment and Mondo, a Funko subsidiary, have launched an exclusive collection celebrating the 10th anniversary of the Monsterverse franchise. The collaboration features -edition products inspired by films including Godzilla (2014), Kong: Skull Island (2017), Godzilla: King of the Monsters (2019), and Godzilla vs. Kong (2021).
The collection includes premium items such as Godzilla and Kong soft vinyl figures ($190 each), a commemorative poster by Danny Haas ($80), and the Monarch: Legacy of Monsters Soundtrack LP ($35). These items showcase the iconic monsters' scale and intricacies through artist-forward designs and are available exclusively through Mondo's platform.
Funko (NASDAQ: FNKO) and Warner Bros. Discovery Global Consumer Products have announced a new collaboration featuring Pop! Yourself Harry Potter collectibles. Fans can create personalized Funko Pop! figures of themselves as Hogwarts students, choosing from all four houses. The collection includes accessory packs priced at $15 and Pop! Yourself figures at $30. Each house-themed accessory pack includes a robe-dressed Pop! Yourself body, wand, magical accessories, and two buddies including the house mascot. The products are available on Funko.com for customers in the U.S. and Canada.
Funko (Nasdaq: FNKO) reported its Q3 2024 financial results, showing net sales of $292.8 million, down from $312.9 million in Q3 2023. Gross profit increased to $119.8 million with a gross margin of 40.9%, compared to $104.0 million and 33.2% in the previous year. SG&A expenses were $92.7 million, slightly down from $94.0 million. Net income was $4.6 million or $0.08 per diluted share, contrasting with a net loss of $16.2 million or $0.31 per share last year. Adjusted net income rose to $8.0 million or $0.14 per share, and adjusted EBITDA increased to $31.0 million from $25.4 million.
Funko updated its 2024 full-year outlook, lowering net sales expectations to $1.037-$1.050 billion but raising adjusted EBITDA guidance to $85-$90 million. For Q4 2024, the company expects net sales of $280-$294 million, a gross margin of 38%-40%, and adjusted net income (loss) per share of ($0.05)-$0.02.
Funko (Nasdaq: FNKO) announced it will hold a conference call on Thursday, November 7, 2024, at 4:30 p.m. ET to discuss its financial results for the third quarter ended September 30, 2024. The conference call will be accessible via webcast through the investor relations section of Funko's website, with a replay available after the event.
Funko (Nasdaq: FNKO) has announced a major expansion of its Pop! Yourself line in partnership with the NFL. Fans can now personalize Pop! figures with apparel from all 32 NFL teams, available for $35 through Funko's online platform. The collaboration includes customizable tees and hoodies, character bodies, accessories, and NFL-branded packaging. Funko CEO Cynthia Williams highlighted this as a first-of-its-kind collaboration targeting the NFL's 200 million+ fanbase.
To celebrate the launch, Funko is hosting a pop-up activation at Kansas City's Power & Light Game Day Block & Watch Party on September 5, coinciding with the NFL's 105th season kickoff. Additionally, Funko is releasing Funko Legends Pops! featuring Hall of Famers and NFL Series 12 Pops! showcasing current star players, available for $12-$15 at Funko.com and major US retailers.