Funko, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:34 pm EDT
Share
Funko, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 312.94 million compared to USD 365.61 million a year ago. Net loss was USD 15.01 million compared to net income of USD 9.63 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to basic earnings per share from continuing operations of USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to diluted earnings per share from continuing operations of USD 0.19 a year ago.
For the nine months, sales was USD 804.85 million compared to USD 989.67 million a year ago. Net loss was USD 143.32 million compared to net income of USD 34.18 million a year ago. Basic loss per share from continuing operations was USD 3.01 compared to basic earnings per share from continuing operations of USD 0.78 a year ago. Diluted loss per share from continuing operations was USD 3.01 compared to diluted earnings per share from continuing operations of USD 0.73 a year ago.
Funko, Inc. operates as a pop culture lifestyle brand. The Company is engaged in selling a range of licensed pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products are principally figures, fashion accessories, apparel, plush products, accessories, homewares, and non-fungible tokens (NFTs). Its products combine its brands and designs and aesthetic sensibilities into properties it licenses from content providers. In addition to offering multiple properties and product categories, it creates and sells a variety of brands that have their own look and feel. The Company's brand portfolio includes Core Collectibles (which include Pop! Vinyl, as well as other branded lines such as Soda, Bitty Pop!, and Pop! Yourself), Loungefly (softlines including bags, wallets, backpacks and apparel) and Other (which includes brands, such as Digital Pop! and Mondo).
FUNKO, INC. 
