Q1 2025 Funko Inc Earnings Call Transcript

May 8, 2025 / 08:30 PM GMT

Release Date Price: $4.2 (+5.79%)

Transcript 10-Q8-K

Key Points

Positve

Funko Inc (FNKO) delivered net sales of $191 million, in line with guidance.
Gross margin was 40%, and adjusted EBITDA came in at a negative $5 million, both ahead of expectations.
International performance continues to be a strength, with Funko gaining market share and outpacing the broader toy market in Europe.
Funko is expanding its global footprint with new licensed and partner stores in the United Arab Emirates, China, and the Philippines.
The direct-to-consumer business remains a critical pillar, with the fan rewards loyalty program continuing to grow and drive profitability.

Negative

Funko Inc (FNKO) is withdrawing its 2025 outlook due to complexities and uncertainties related to global tariffs.
The company faced intensified pressure in the US from tariffs and more selective consumer behavior.
Shipping delays on products crossing the Mexico border hampered sales of Pop Yourself in Q1.
Total debt increased by $19.4 million from the end of the previous quarter, reaching approximately $202.2 million.
Funko implemented a 20% reduction in its global workforce as part of cost discipline measures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FNKO.OQ - Funko Inc
Q1 2025 Funko Inc Earnings Call
May 08, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Franco's 2025 1st quarter Financial Results conference call. At this time, all participants are in listen-only mode.

Later, we will conduct a question and answer session, and instructions will follow at that time.

Please be advised that reproduction of this call in whole or in part is not permitted without written authorization from the company. As a reminder, this call is being recorded. I will now turn the call over to Funco's director of Investor relations, Rob Jaffe. Please proceed.

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Unidentified_2 [2]
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