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Mar 31
Funko Q1 2025 Earnings Report
Reported First Quarter 2025 Financial Results with Net Sales Within Guidance Range, Gross Margin and Adjusted EBITDA Above Expectations, but Withdrew Full-Year Outlook Due to Tariff-Related Uncertainties
Key Takeaways
Funko delivered first-quarter 2025 net sales within its guidance range, with gross margin and adjusted EBITDA exceeding expectations. However, due to increasing uncertainty and volatility surrounding global tariff policies, the company withdrew its full-year 2025 outlook.
Net sales in Q1 2025 were $190.7 million, a decrease from $215.7 million in Q1 2024.
Gross profit was $76.9 million, resulting in a gross margin of 40.3%, an improvement from 40.0% in the prior year period.
Adjusted EBITDA was negative $4.7 million, compared to a positive adjusted EBITDA of $9.6 million in Q1 2024.
The company withdrew its full-year 2025 financial outlook due to uncertainties related to global tariff policies.
Funko
Funko
Funko Revenue by Segment
Funko Revenue by Geographic Location
Revenue by Segment
Core Collectible Revenue
CapyFin.comLoungefly Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comOther International Revenue
CapyFin.com Forward Guidance
The company withdrew its full-year 2025 financial outlook due to the uncertainty and ongoing changes in global tariff policies, making reliable projections difficult.
Challenges Ahead
- Withdrawal of full-year 2025 financial outlook due to tariff uncertainties.
- Current uncertainty and ongoing changes to global tariff policies.
- Difficulty in providing reliable projections due to tariff volatility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income