FNKO - NASDAQ
Funko, Inc.
FNKO·NASDAQ
$5.29
-1.3%Consumer CyclicalLeisure
Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products to specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.
At a Glance
Live SnapshotMarket Cap$295.39M
EPS-1.2400
P/E Ratio-2.75
Earnings Date08/06/2026
Earnings Call Transcript
FNKO • 2026 • Q1
Josh Simon
Great business question. You nailed it at the top. The Q1 was really strong. I think it was the example of our Make Culture POP! strategy kind of starting to really manifest itself in the market. We ended Q4 with some momentum, and we saw that continue into the year. Overall, our sales were up 5% in the quarter. If you look at just the core collectibles business, we're up 17%.
Josh Simon
I go back to the Make Culture POP! strategy, culture, creativity, and commerce. You know, on the culture side, we wanna be part of all of these sort of fan entertainment moments, pop culture moments that are going on around the world while they're happening. Some awesome examples of that in Q1, you know, the big movers were KPop Demon Hunters, the final season of Stranger Things, One Piece, which is always really strong for us. We're also, you know, starting to see some really other great dimensions of the business with Mando Grogu coming out.
Josh Simon
Our Star Wars business is really showing some nice growth. I'll even just use a more recent example of, you know, Michael Jackson. This is one of my favorites, the, you know, Smooth Criminal vibe, that sort of iconic, you know, leaning look that always mesmerized me growing up. How did he do it? Great to be part of that moment with the Michael biopic out right now. From a creativity standpoint, it's really about how are we taking those moments and turning them into products and frankly adding some more newness and dimension to our product line. I think Bitty Pop! is a great example of that. We saw strength in the quarter coming off of Q4, rolling out into Walmart.
Josh Simon
From a seasonal basis, I'll give a great example, which is, you know, this sort of Bitty Bouquet for your Valentine's Day lover. You know, you can, it's this sort of bouquet stand, and you can sort of swap out whatever Bitty Pop! you're interested in there, which I think is a great evolution of a moment that we can play out with Bitty Pop!. You know, I'll point out sort of something in the world of Demon Slayer, which is obviously a great IP for us. Kind of like a sumi ink paint deco to, you know, to the Pop!, which just helps to bring some freshness and newness to the fans of Demon Slayer. From a commerce standpoint, it's really about, you know, how do we bring these products to life for fans?
Josh Simon
I think, you know, we like to say turning shelves into stages. Some really fun experiences that I think are examples of that from the quarter. I went a few weeks ago to WrestleMania 42 in Las Vegas. Awesome weekend. Those guys, you know, always do a great job. We came to life at the WWE Fan Expo at the Las Vegas Convention Center with a Pop! Yourself experience, so you could, you know, customize yourself in exclusive WWE gear that you can only get there. We built the Pops on site. We also launched a limited edition WWE covers on our D2C site as part of the WrestleMania weekend, which was awesome. I think it's, you know, selling for three to four times on eBay right now, which is cool to see.
Josh Simon
Also in the world of sports, I had the chance also to go to Miami. We have a brand-new shop-in-shop that opened at the new Inter Miami stadium. I was able to attend the second game in that stadium. Also an awesome Pop! Yourself experience there, an exclusive Messi Pop!, which you can only get at the stadium. Actually we really rounded out with some incredible Loungefly product as well. I think Yves there in his bag of tricks. There's a great, you know, a great example of some of the Loungefly products that we're selling in the stadium there for Inter Miami.
Jessica Kong
Yeah, that's right, Josh. This is our iconic mini backpack, for Inter Miami, along with one of the many bag charms that are available. Super fun collection.
Jessica Kong
Right? Super excited to do more of these going forward. That being said, this year's really an important business reset for us, right? We cut our SKUs back by 50%, sales will be down as planned this year. That's really in order for us to improve SKU productivity and overall profitability in general, and we're already seeing the results of that, super encouraged by that. With that, we're doubling down on wearable storytelling. That means, one, expanding the styles that we do beyond the iconic mini backpack. With that, here is Heihei from Moana. She's a figural. She was actually our number one SKU last year, which is great, we'll continue to do more of these going forward. We also are doubling down on accessories.
Josh Simon
Cute.
Jessica Kong
Third, we are also expanding our reach with Gen
Josh Simon
Yeah. We just had a brand-new head of marketing and brand start a couple weeks ago. Nik Rupp comes to us previously from Nike. Awesome to have him on board. I mentioned this last quarter, Andy Oddie, who's been with Funko for a long time, industry expert in many different ways, moved into a new role as our Chief International Officer. So, really giving some dedicated focus to growing the business in Latin America and Asia. He and I, about a month ago, spent a couple weeks touring the region. We met with our distributors. We spent time with our licensors and some retail partners in Korea and Japan and a few other locations. I came away, you know, really encouraged.
Josh Simon
I think from an IP standpoint, you know, we already work with some of the biggest partners in the region. Like I'll use a sort of
Yves LePendeven
Obviously we're pleased with Q1. It was a strong start to the year. We expect that momentum to continue in Q2. Today we issued guidance for Q2. We think sales will be up low single digits to mid single digits and adjusted EBITDA between $5 million and $10 million. As we look to the second half of the year, it's a little bit too soon to say, but there are some favorable things going on. The current tariff rates that are in effect are a little bit lower than we'd planned, so that's great news, and we hope that continues. On the flip side, we're watching the news about oil prices pretty closely. We have not been negatively impacted yet, but it's a little bit too soon to say.
Josh Simon
I think, is there anything I'm not excited about? There's a lot this year. I mean, I mentioned it last quarter too, it's an awesome film slate this year, just sort of from beginning to end of the year. Mando Grogu soon, Toy Story, Avengers: Doomsday at the end of the year, which is awesome. We actually just spent some time across the street from our offices here in Burbank with the head of DC Studios last week, and think super excited for Supergirl. So big year for movies, TV shows. Sports is obviously also huge this year because of the World Cup. So, you know, we have the French, English, and U.S. national teams. We also have a great relationship with a lot of athletes.
Josh Simon
I mentioned Messi, you know, earlier, who's playing for Argentina, Yamal for Spain, Haaland, you know, his Man City, is playing for Norway, and a few others. Then we even have the mascots. Can you, Yves, can you name any of the three mascots?
Yves LePendeven
Don't put me on the spot.
Josh Simon
Lineup, that's kind of taking a brand new lineup of people's favorite 4" Pop! vinyl figures, but putting them into more of a blind box mystery format. We're starting off with some really fun lines of WB horror, our own lineup on the POP! Horror line.
Josh Simon
We got some really big IP coming into the future that I'm just gonna tease right now. There's also some really, I think, unique and compelling chase elements to it. That's one I'm particularly excited for. The other one I'd say is, you know, we've continued to see some traction in the world of, like, BookTok and Romantasy.
Josh Simon
We are constantly coming up with fun ways to, you know, bring some of their characters to life, I think. Definitely something we think about a lot on the Loungefly front as well.
Josh Simon
Well obviously you're here in the, you know, the Hollywood store today. I think the next step that we really think about from a retail and a retail experiential standpoint is what we could do with our partners in that space. We're currently working on revitalizing and reconceiving our space with FAO Schwarz in New York. We're in the early stages there. I think that's an incredible sort of global flagship shopping destination. I think they do experiential retail better than anyone. They've been incredible partners. There's some newness we're bringing there. We are working on expanding how we think about that Pop! Yourself kiosk experience and how that could come to life with some retail partners. We'll be testing that later this year with some partners.
Transcript from May 7, 2026
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