Funko, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 04, 2021 at 04:42 pm EDT
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Funko, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 267.73 million compared to USD 191.23 million a year ago. Net income was USD 11.9 million compared to USD 9.8 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.27 a year ago.
For the nine months, sales was USD 693.02 million compared to USD 426.03 million a year ago. Net income was USD 32.23 million compared to net loss of USD 4.92 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to basic loss per share from continuing operations of USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to diluted loss per share from continuing operations of USD 0.14 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).