Funko, Inc. (NASDAQ: FNKO ) Q4 2024 Earnings Call:
On March 6, 2025, at 4:30 PM ET, Funko, Inc. held its 2024 fourth quarter financial results conference call. The participants from Funko included Rob Jaffe, Director of Investor Relations, Cynthia Williams, CEO, and Yves Le Pendeven, CFO. The conference call was attended by several analysts, including Stephen Laszczyk from Goldman Sachs and Linda Weiser from D.A. Davidson.
Funko’s Financial Performance:
During the call, Funko’s executives discussed the company’s financial performance for the quarter. They reported a 12% increase in net sales compared to the same quarter in the previous year, reaching $265.5 million. The growth was driven by strong demand for Funko’s Pop! Vinyl figures and other collectibles. Gross profit also increased by 14% to $93.7 million, while operating income grew by 17% to $54.3 million.
Operational Highlights:
Funko also provided operational highlights for the quarter. They announced the launch of several new product lines, including collaborations with popular brands such as Star Wars, Marvel, and DC Comics. They also mentioned that they had expanded their production capacity to meet the growing demand for their products. Additionally, they reported that they had opened new retail stores in major cities around the world.
Impact on Shareholders:
The strong financial performance and operational highlights were well-received by investors. Funko’s stock price increased by 10% following the earnings call. Stephen Laszczyk from Goldman Sachs expressed his optimism about the company’s future prospects, stating that “Funko’s strong brand and innovative product offerings continue to drive growth.”
Impact on Consumers:
For collectors and fans of Funko’s products, the earnings call brought exciting news. The new product lines and collaborations announced during the call are expected to provide ample opportunities to add to their collections. The expansion of production capacity and retail stores will also make it easier for fans to get their hands on the latest releases.
Impact on the Industry:
Funko’s strong financial performance and continued growth are likely to have a positive impact on the collectibles industry as a whole. The success of Funko’s Pop! Vinyl figures has paved the way for other companies to enter the market with similar collectible figurines. The industry is expected to grow at a CAGR of 8.6% from 2021 to 2026.
Conclusion:
Funko’s 2024 fourth quarter financial results conference call was a positive one for both the company and its shareholders. The strong financial performance and operational highlights were met with enthusiasm from investors, leading to a 10% increase in stock price. For consumers, the new product lines and collaborations announced during the call provide ample opportunities to expand their collections. The impact on the industry as a whole is expected to be positive, with the collectibles market continuing to grow at a robust rate.
- Funko reported a 12% increase in net sales for Q4 2024, reaching $265.5 million
- Gross profit increased by 14% to $93.7 million, while operating income grew by 17% to $54.3 million
- New product lines and collaborations announced, including Star Wars, Marvel, and DC Comics
- Production capacity expanded to meet growing demand
- New retail stores opened in major cities around the world
- Funko’s stock price increased by 10% following the earnings call
- Collectibles industry expected to grow at a CAGR of 8.6% from 2021 to 2026
