Funko sales soar over a third in Q2

Another strong quarter for the Pop Vinyl maker saw net sales climb almost 40%, with huge gains in international markets

Written by Rhys Thomas

Posted 09.08.2019 | Business

Funko sales soar over a third in Q2 thumbnail

Profits at Funko continued on an upward trajectory in the second quarter, climbing 35 per cent to $71.2m during the three months ending 30 June.

Driven by a larger number of active properties, net sales increased 38 per cent to $191.2 million from $138.7 million in the same period last year. The licensee currently has 592 active properties, compared with 510 last year.

On a product category basis, net sales of figures, Funko’s bread and butter, increased 39 per cent to $159.7 million, while sales in its growing list of other categories, including softlines from the Loungefly fashion accessories brand, increased 30 per cent to $31.5 million.
   


While sales in Funko’s domestic US market were up by a quarter to $123m, it was overseas where the company made real gains. Net sales internationally increased 65 per cent to $68.5m, with strong growth across all regions.


“Funko once again delivered very strong results in the second quarter,” says Brian Mariotti, Funko’s CEO. “We believe these results and our continued opportunities for growth demonstrate that the world is increasingly viewing pop culture through the lens of Funko. 

“Funko has become a solid entertainment content platform, and our brand continues to grow in awareness and popularity around the world. This unique position enables us to develop new and increasingly profitable sources of revenue that we expect will propel continued growth for many years to come. 

“Our strong results in the first half of 2019 have allowed us to increase our guidance for the full year. More importantly, the growing range of opportunities for revenue growth, international expansion and entry into new categories make us confident that our best days lie ahead, and that our fans, partners, employees and shareholders can look forward to the future.”

Barbie fashion line hits River Island thumbnail

Barbie fashion line hits River Island

Mattel launches Barbie 60th Anniversary kids’ clothing line in its first fashion collab with the high street fashion chain

Toy Industry Awards 2019 tickets now available thumbnail

Toy Industry Awards 2019 tickets now available

The annual awards ceremony kicks off at 6pm on the opening day of London Toy Fair 2020

Clintons to shut a fifth of stores thumbnail

Clintons to shut a fifth of stores

Greetings card retailer plans to close 66 stores and is seeking rent cuts on 200 other locations, as its revealed ...

Press Releases

SmartGames launches Atlantis Escape thumbnail

SmartGames launches Atlantis Escape

Multi-level logic game tasks players with escaping the fabled city before it sinks beneath the waves

DKL readies for moon landing celebrations thumbnail

DKL readies for moon landing celebrations

New Plus-Plus space range is ideal to commemorate this year’s 50th anniversary of the historic achievement

Smart launches Smart Farmer thumbnail

Smart launches Smart Farmer

Lastest launch gives little ones an agricultrual qunadry to puzzle over and get their brains moo-ving

Smiles for Zimpli emoji range thumbnail

Smiles for Zimpli emoji range

A crowd pleaser at Toy Fair, Zimpli’s new emoji-licensed poop-shaped slime and Baff Bombz range is anything but a stinker