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. (Nasdaq: FNKO) regularly issues news and updates as a global pop culture lifestyle brand with a portfolio that includes the Funko, Loungefly, and Mondo brands. Its press releases highlight developments across vinyl figures, micro-collectibles, fashion accessories, apparel, plush, action toys, high-end art, and music collectibles, as well as corporate and financial announcements relevant to FNKO stockholders.
Visitors to this news page can review Funko’s official communications on topics such as quarterly financial results, outlook commentary, and the use of non-GAAP measures like adjusted EBITDA. Earnings releases provide net sales by brand category and geography, discuss factors such as tariffs and sourcing, and outline management’s views on margins, cost actions, and business conditions.
Funko’s news also covers product launches and creative initiatives. Examples include the introduction of the Premium Blind Box platform and artist-driven series such as Kiguzoomies and Funko Fun Squad, which the company presents as expansions of its blind box collectibles. These announcements describe how new lines fit within the broader Pop!, Bitty Pop!, and Pop! Yourself ecosystem and how they are distributed through Funko’s online channels and select retailers.
Corporate governance and capital structure developments are another recurring theme. Recent items include leadership transitions in the Chief Executive Officer role, changes to the Board of Directors, amendments to credit agreements, registration statement plans, and arrangements with major stockholders. These updates provide context on how Funko manages its balance sheet, covenants, and executive incentives.
For investors and fans tracking FNKO news, this page offers a consolidated view of Funko’s official announcements, from financial performance and refinancing plans to new collectibles and board appointments. Reviewing these releases over time can help readers understand how the company describes its strategy, responds to macroeconomic factors, and evolves its product portfolio within the pop culture collectibles space.
Funko, Inc. (NASDAQ: FNKO) has announced the appointment of Rich Paul to its Board of Directors, contingent upon the completion of ACON Investments' stock sale to The Chernin Group. CEO Andrew Perlmutter expressed enthusiasm for Paul's extensive experience in sports and music, which is expected to enhance Funko's fan engagement and licensing strategies. Funko continues to diversify its product offerings, recently launching the GOLD™ line dedicated to music and sports collectibles, further strengthening its market position.
The Chernin Group (TCG) has announced a strategic investment of $263 million in Funko, acquiring 12,520,559 shares at $21.00 each, significantly increasing their ownership stake to 25%. Notable participants in the investor consortium include eBay, Robert A. Iger, and Rich Paul. This investment will enhance Funko's market position and foster growth in areas such as sports and music. Funko saw a remarkable revenue growth of 63% year-over-year in Q1 2022, totaling $308 million. The partnership with eBay will position it as the preferred marketplace for Funko's products.
Funko reported a strong first quarter for 2022, with net sales rising 63.0% year-over-year to $308.3 million. Net income grew 31.0% to $14.5 million, and adjusted EBITDA increased 21.8% to $36.3 million. Significant growth was observed across all regions, particularly in the U.S. with a 70.1% increase. The company raised its full-year guidance for net sales to $1.275 to $1.325 billion and adjusted EPS to $1.80 to $1.90. However, gross margin declined 610 basis points to 35.3% due to supply chain inflation.
Funko, a prominent pop culture lifestyle brand, has partnered with the ASPCA to launch a new line of Pop! collectibles featuring iconic movie pets from 'Back to the Future' and 'The Wizard of Oz'. For each Pop! sold in this 'Pops! With Purpose' initiative, Funko will donate $10 to the ASPCA, supporting animal welfare efforts. The figures will be exclusively available through Funko's direct-to-consumer channels, starting with pre-orders on October 4. This initiative expands Funko’s philanthropic efforts and showcases its commitment to community engagement.
Funko has relocated its main U.S. distribution facility to a 958,000-square-foot center in Buckeye, Arizona, consolidating operations from multiple sites in Washington. This move is expected to create over 300 jobs and improve customer experience by streamlining distribution. The facility is anticipated to be operational by April 2022 and will feature solar panels generating 1.24 million kilowatt-hours of power. Funko aims to meet increasing global demand, having surpassed $1 billion in revenue for 2021.
Funko, Inc. (NASDAQ: FNKO) announced a conference call on May 5, 2022, at 4:30 p.m. ET, to discuss its financial results for the first quarter ending March 31, 2022. Investors can access the call via the investor relations section on Funko's website. Post-call, a recording will be available for listening. Funko, headquartered in Everett, Washington, is recognized for its wide range of licensed pop culture products, including vinyl figures, toys, and apparel, catering to fans of popular culture. Further information can be found on their official site.
Funko (NASDAQ: FNKO), a leading pop culture lifestyle brand, will present at two significant investment conferences. Andrew Perlmutter, CEO, and Jennifer Fall Jung, CFO, will represent the company on March 9 at the Bank of America 2022 Consumer and Retail Technology Conference at 1:50 p.m. ET, and on March 10 at the D.A. Davidson Consumer Growth Conference at 10:15 a.m. ET. Live webcasts of both events will be available on the Funko investor website, along with replay options.
Funko reported a strong financial performance for the fourth quarter of 2021, with net sales increasing 48% year-over-year to a record $336.3 million. For the full fiscal year 2021, net sales rose 58% to $1.029 billion, with net income soaring 595% to $67.9 million. Looking ahead, Funko anticipates 20% to 25% net sales growth for fiscal year 2022 and adjusted EPS ranging from $1.75 to $1.91. However, they face challenges with supply chain disruptions affecting gross margins.
Funko, Inc. (NASDAQ: FNKO) has announced a conference call set for March 3, 2022, at 4:30 p.m. ET to review its fourth-quarter financial results ending December 31, 2021. The call will be accessible via the company’s investor relations website, with a recording available post-conference. Funko specializes in licensed pop culture products including vinyl figures and board games, catering to fans looking to connect with their favorite brands.
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