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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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