Funko reports fourth quarter, full-year 2024 earnings

Funko reported its fourth-quarter and full-year 2024 revenue today, debuting at Toy Fair in New York City.

Net sales of providers of toys, collectibles and lifestyle products in Washington grew 1% to $293.7 million, compared with $291.2 million in the second quarter of 2023. For that year, net sales fell to $1.05 billion, compared with $10 billion in 2023, and $1 billion in 2023. FunkoRevers Gross’ profits and cuts debts and cuts debts and continues debts.

Now, we focus on executing our strategic growth plan, which revolves around financial discipline and intentional diversity. We are expanding the impact of sports, music and gaming, all high potential categories, and our approach prioritizes sustainable long-term value creation. We expect weights to be carried out in the second half of the year in 2025 and we believe our plans will drive meaningful acceleration over time. Funko has a solid foundation, clear strategy and a firm leadership team – we are excited about the opportunities ahead."

– Fenco CEO Cynthia Williams

The increase in veterinary medicine in the toy industry

On February 24, Glenn Abell officially joined Funko as senior vice president of sales in the United States and Canada, planning to drive growth in wholesale and professional sales channels.

“Funko is an idol in the pop culture field and I’m very happy to join the company during this dynamic transition period,” Abell said in a press release last month. “I look forward to leading the sales organization as we focus on the next phase of growth and expansion for this world-class company.”

Abell has over twenty years of experience in toys and collectibles, most recently served as general manager and global head of architecture at Mattel. Prior to that, he worked for Moose Toys and the LEGO Group.

Broken Close and Strengthen Brand

During this afternoon’s earnings call, Williams highlighted the company’s increased inventory status and noted that Funko wants to avoid selling into the closure channel, a phenomenon that all major toys and collectibles companies have dealt with in the past few years. The lack of Funko products in the clear box will restore the brand to its shiny.

Look forward

Funko has released a conservative guide for 2025, which includes the potential impact of 20% tariffs on products imported from China. During the year, the company expects net sales of $1.05 billion to $1.082 billion, with momentum expected in the second half.

Despite the current tariff reversal on Canada and Mexico plans, while tariffs remain wildcards for the industry, Funko is still focusing on the continued growth of international and direct-to-consumer businesses and the strong performance of POP! You yourself and clumsy pop music! Wire.

At the toy show, clumsy pop music! Road and environmental packaging collections in small cities are popular among retail partners.

Funko Post reported that the fourth quarter, with the full year 2024 earnings first appearing on toy books.