Q3 2025 Funko Inc Earnings Call Transcript

Nov 6, 2025 / 09:30 PM GMT

Release Date Price: $3.02 (-5.03%)

Transcript 10-Q8-K

Key Points

Positve

Funko Inc (FNKO) achieved a significant milestone by selling 1 billion units, placing it among the most successful toy brands globally.
The company has a strong and diversified fan base, with a 27% growth in its fan loyalty program membership since the start of the year.
Funko Inc (FNKO) has signed several multi-year renewal agreements with major licensing partners, including Warner Brothers, NBC Universal, and Disney.
The company is expanding its product offerings into new areas such as K-pop, sports, and music tours, aiming to capture more of the pop culture market.
Funko Inc (FNKO) has maintained a gross margin in the 40% plus range for six of the last seven quarters, indicating strong financial management.

Negative

Net sales for the third quarter were $250.9 million, which included a decrease attributed to SKU rationalizations and reduced clearance sales.
Direct to consumer sales mix decreased to 18% from 20% in the previous year's third quarter, partly due to a pullback in marketing spend.
The company is facing challenges with tariffs, which have disrupted shipping orders and impacted sales.
Funko Inc (FNKO) has a significant amount of total debt, approximately $241 million, which could impact future financial flexibility.
The company is undergoing a refinancing process, indicating potential financial instability and the need for improved cash flow management.

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

FNKO.OQ - Funko Inc
Q3 2025 Funko Inc Earnings Call
Nov 06, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Funko's 2025 3rd quarter financial results conference call. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press 9 to raise your hand, 6 to unmute. 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 hand the conference over to Funko's director of investor relations, Rob Jaffe. Please proceed.

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Unidentified_2 [2]
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