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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
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