Pop culture collectibles maker Funko misses Q3 net sales expectations

Reuters

Nov 07

Pop culture collectibles maker Funko misses Q3 net sales expectations

Overview

Funko Q3 net sales miss analysts' expectations
Gross margin and adjusted EBITDA exceed expectations, aided by tariff mitigation plans
Net income drops sharply to $0.9 mln from $4.6 mln last year

Outlook

Company expects Q4 2025 net sales to increase modestly from Q3 2025
Funko anticipates Q4 2025 gross margin of approximately 40%
Adjusted EBITDA margin for Q4 2025 expected in mid- to high single-digits

Result Drivers

BITTY POP! SALES - Sales of Bitty Pop! line, featured on Walmart's Top Toy List, significantly contributed to Q3 performance
TARIFF MITIGATION - Strong gross margin benefited from swift implementation of tariff mitigation plans

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Sales	Miss	$250.91 mln	$258.58 mln (3 Analysts)
Q3 Net Income		$948,000
Q3 Income from Operations		$6.43 mln
Q3 Operating Expenses		$244.48 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the toys & children's products peer group is "buy"
Wall Street's median 12-month price target for Funko Inc is $5.00, about 36.4% above its November 5 closing price of $3.18

Press Release: ID:nBw98PM02a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2581046558"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2581046558\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2581046558?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-07 06:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2581046558","market":"us","top_or_hot":-1,"title":"Pop culture collectibles maker Funko misses Q3 net sales expectations","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Pop culture collectibles maker Funko misses Q3 net sales expectations</title></head><body><p><span>Overview</span></p><ul><li><p>Funko Q3 net sales miss analysts' expectations</p></li><li><p>Gross margin and adjusted EBITDA exceed expectations, aided by tariff mitigation plans</p></li><li><p>Net income drops sharply to $0.9 mln from $4.6 mln last year</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company expects Q4 2025 net sales to increase modestly from Q3 2025</p></li><li><p>Funko anticipates Q4 2025 gross margin of approximately 40%</p></li><li><p>Adjusted EBITDA margin for Q4 2025 expected in mid- to high single-digits</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>BITTY POP! SALES - Sales of Bitty Pop! line, featured on Walmart's Top Toy List, significantly contributed to Q3 performance</p></li><li><p>TARIFF MITIGATION - Strong gross margin benefited from swift implementation of tariff mitigation plans</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Sales</p></td><td><p>Miss</p></td><td><p>$250.91 mln</p></td><td><p>$258.58 mln (3 Analysts)</p></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>$948,000</p></td><td></td></tr><tr><td><p>Q3 Income from Operations</p></td><td></td><td><p>$6.43 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$244.48 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the toys &amp; children's products peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Funko Inc is $5.00, about 36.4% above its November 5 closing price of $3.18</p></li></ul><p>Press Release: <span>ID:nBw98PM02a</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pop culture collectibles maker Funko misses Q3 net sales expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPop culture collectibles maker Funko misses Q3 net sales expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-07 06:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Pop culture collectibles maker Funko misses Q3 net sales expectations</title></head><body><p><span>Overview</span></p><ul><li><p>Funko Q3 net sales miss analysts' expectations</p></li><li><p>Gross margin and adjusted EBITDA exceed expectations, aided by tariff mitigation plans</p></li><li><p>Net income drops sharply to $0.9 mln from $4.6 mln last year</p></li></ul><p><span>Outlook</span></p><ul><li><p>Company expects Q4 2025 net sales to increase modestly from Q3 2025</p></li><li><p>Funko anticipates Q4 2025 gross margin of approximately 40%</p></li><li><p>Adjusted EBITDA margin for Q4 2025 expected in mid- to high single-digits</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>BITTY POP! SALES - Sales of Bitty Pop! line, featured on Walmart's Top Toy List, significantly contributed to Q3 performance</p></li><li><p>TARIFF MITIGATION - Strong gross margin benefited from swift implementation of tariff mitigation plans</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Sales</p></td><td><p>Miss</p></td><td><p>$250.91 mln</p></td><td><p>$258.58 mln (3 Analysts)</p></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>$948,000</p></td><td></td></tr><tr><td><p>Q3 Income from Operations</p></td><td></td><td><p>$6.43 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$244.48 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the toys &amp; children's products peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Funko Inc is $5.00, about 36.4% above its November 5 closing price of $3.18</p></li></ul><p>Press Release: <span>ID:nBw98PM02a</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4565","symbol_name":"NFT概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251106:nL1N3WI1JZ:1","article_id":"2581046558","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581046558","pubTimestamp":1762466488,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SALES - Sales of Bitty Pop!","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4565":"NFT概念","FNKO":"Funko Inc.","BK4190":"消闲用品","BK4159":"经销商"},"translate_title":"流行文化收藏品制造商Funko第三季度净销售额未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FNKO":0.9},"content_text":"Pop culture collectibles maker Funko misses Q3 net sales expectationsOverviewFunko Q3 net sales miss analysts' expectationsGross margin and adjusted EBITDA exceed expectations, aided by tariff mitigation plansNet income drops sharply to $0.9 mln from $4.6 mln last yearOutlookCompany expects Q4 2025 net sales to increase modestly from Q3 2025Funko anticipates Q4 2025 gross margin of approximately 40%Adjusted EBITDA margin for Q4 2025 expected in mid- to high single-digitsResult DriversBITTY POP! SALES - Sales of Bitty Pop! line, featured on Walmart's Top Toy List, significantly contributed to Q3 performanceTARIFF MITIGATION - Strong gross margin benefited from swift implementation of tariff mitigation plansKey DetailsMetricBeat/MissActualConsensus EstimateQ3 SalesMiss$250.91 mln$258.58 mln (3 Analysts)Q3 Net Income$948,000Q3 Income from Operations$6.43 mlnQ3 Operating Expenses$244.48 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the toys & children's products peer group is \"buy\"Wall Street's median 12-month price target for Funko Inc is $5.00, about 36.4% above its November 5 closing price of $3.18Press Release: ID:nBw98PM02aFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}