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Dec 31, 2020
Funko Q4 2020 Earnings Report
Funko's Q4 2020 sales increased by 6% to $227 million, driven by growth in the United States and strength in Loungefly branded products.
Key Takeaways
Funko reported a strong fourth quarter with a 6% increase in net sales to $226.5 million. The company saw significant growth in the U.S. and its Loungefly brand, contributing to an increase in net income and adjusted EBITDA.
Net sales increased 6% to $226.5 million.
U.S. net sales increased 18% to $171 million.
Net income increased $21.2 million to $14.9 million.
Adjusted EBITDA increased 29% to $33.2 million.
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 expects net sales growth of 25% to 30% for the full year 2021.
Positive Outlook
- Net sales growth of 25% to 30%
- Adjusted EBITDA margin of 13.5% to 14.0%
- Adjusted Net Income of $44 million to $51 million
- Blended tax rate of 25%
- Adjusted Earnings per Diluted Share of $0.84 per share to $0.96 per share
Revenue & Expenses
Visualization of income flow from segment revenue to net income