Funko, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 04, 2023 at 04:33 pm EDT
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Funko, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 251.88 million compared to USD 308.34 million a year ago. Net loss was USD 55.31 million compared to net income of USD 9.88 million a year ago.
Basic loss per share from continuing operations was USD 1.17 compared to basic earnings per share from continuing operations of USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 1.17 compared to diluted earnings per share from continuing operations of USD 0.23 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. 
