Funko, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 04:34 pm EDT
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Funko, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 236.110 million compared to USD 98.099 million a year ago. Operating income was USD 27.291 million compared to operating loss of USD 14.264 million a year ago. Net income was USD 13.813 million compared to net loss of USD 10.585 million a year ago. For the half year, sales was USD 425.287 million compared to USD 234.799 million a year ago. Operating income was USD 44.086 million compared to operating loss of USD 17.283 million a year ago. Net income was USD 20.327 million compared to net loss of USD 14.711 million 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).