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Sep 30, 2021
Funko Q3 2021 Earnings Report
Funko reported a record quarter with sales up 40.0% driven by broad-based strength across products, channels, and geographies.
Key Takeaways
Funko reported strong Q3 2021 results with net sales increasing by 40.0% year-over-year to $267.7 million and net income increasing by 17.8% to $18.4 million. The company exceeded Q3 expectations and raised full year guidance despite supply chain headwinds.
Net sales increased 40.0% year-over-year to $267.7 million.
Net income increased 17.8% year-over-year to $18.4 million.
All-time high demand levels drove broad-based strength in all geographies.
Direct-to-consumer sales increased 88% year-over-year and now comprise 11% of net sales.
Funko
Funko
Funko Revenue by Segment
Funko Revenue by Geographic Location
Revenue by Segment
Other Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comOther International Revenue
CapyFin.com Forward Guidance
The Company expects net sales of $950 million to $975 million, Adjusted EBITDA margin of 14.0% to 14.5%, Adjusted Net Income of $64.4 million to $70.4 million, and Adjusted Earnings per Diluted Share of $1.20 to $1.31 for the full year 2021.
Positive Outlook
- Net sales of $950 million to $975 million
- Adjusted EBITDA margin of 14.0% to 14.5%
- Adjusted Net Income of $64.4 million to $70.4 million
- Adjusted Earnings per Diluted Share of $1.20 to $1.31
- Based on estimated adjusted average diluted shares outstanding of 53.9 million for the full year.