Brief: Funko Q2 Sales USD 193.469 Million

Funko

07/08/2025 21:22

Overview

Funko Q2 2025 net sales fall 21.9% yr/yr but beat analyst expectations

Company reports net loss of $41 mln, contrasting with last year's net income

Adjusted EBITDA negative amid challenging tariff environment, per press release

Outlook

Funko expects H2 net sales to decline high single-digits vs H2 2024

Company anticipates improved financial performance in H2 2025

Funko sees adjusted EBITDA margin in mid- to high single-digits for H2

Company expects Q4 results to ramp up over Q3

Result Drivers

TARIFF ENVIRONMENT - Co attributes Q2 performance challenges to a dynamic and uncertain tariff environment, per CEO Mike Lunsford

COST CUTTING - Funko is taking actions to cut costs, diversify product sourcing, and adjust prices to stabilize the business

GEOGRAPHIC DECLINE - Significant sales decline in the U.S. market, with a 27.7% drop in net sales compared to last year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$193.47 mln
$188.40 mln (3 Analysts)
Q2 Net Income
-$41 mln
Q2 Income from Operations
-$34.75 mln
Q2 Operating Expenses
$228.22 mln
Q2 Pretax Profit
-$40.16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the toys & children's products peer group is "buy"

Wall Street's median 12-month price target for Funko Inc is $7.00, about 48.7% above its August 6 closing price of $3.59

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw7tB3QLa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)