Funko Inc is a consumer products company known for its unique and licensed pop culture collectibles, predominantly featuring vinyl figures, plush toys, and other merchandise
The company specializes in creating detailed and stylized representations of popular characters from movies, television shows, video games, and more, appealing to a global fanbase of collectors and enthusiasts. In addition to its signature Pop! Vinyl figures, Funko offers a diverse range of products that include specialty items and exclusive releases, fostering a vibrant community around shared interests in entertainment and nostalgia.
Shares of pop culture collectibles manufacturer Funko (NASDAQFNKO)
fell 15.9% in the afternoon session after the company reported weak fourth quarter results: its full-year revenue and EBITDA guidance missed. Tariffs on Chinese imports and continued softness in U.S. sales remained headwinds. However, Funko managed to outperform analysts' estimates on both revenue and EBITDA during the quarter, driven by strength in its direct-to-consumer and EMEA businesses. Still, despite those bright spots, the overall picture leaned weak, and that's likely what weighed on sentiment.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Pop culture collectibles manufacturer Funko (NASDAQFNKO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $293.7 million. On the other hand, next quarter’s revenue guidance of $193 million was less impressive, coming in 21.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was 2 cents below analysts’ consensus estimates.
All three major indices remain in the red midday Thursday, after trimming earlier losses which saw the Dow Jones down more than 600 points at session lows. The major averages lost more than 2% this week as U.S.
The past six months have been a windfall for Funko’s shareholders. The company’s stock price has jumped 44.3%, hitting $13.39 per share. This performance may have investors wondering how to approach the situation.
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Pop culture collectibles manufacturer Funko (NASDAQFNKO) beat Wall Street’s revenue expectations in Q3 CY2024, but sales fell 6.4% year on year to $292.8 million. On the other hand, next quarter’s revenue guidance of $287 million was less impressive, coming in 9.3% below analysts’ estimates. Its non-GAAP profit of $0.14 per share was above analysts’ consensus estimates.
