Funko reports Q4 EPS 8c vs. 0c last year

Reports Q4 revenue $293.7M, two estimates $286.1M. “2024 was a pivotal year for Funko (FNKO). We strengthened our business, delivered on key financial goals and positioned the company for long-term success,” said Cynthia Williams, CEO. “We closed the year strong, with Q4 net sales up 1% and at the top end of our guidance range and adjusted EBITDA exceeding expectations, fueled by momentum of our Pop! Yourself and Bitty Pop! product lines, and growth of our direct-to-consumer, EMEA and core collectibles businesses. For the full year, both gross profit and adjusted EBITDA improved by more than $100 million, and we reduced total debt by $90 million. Now, we are focused on executing our strategic growth plan that revolves around financial discipline and intentional diversification. We are expanding our presence in sports, music, and gaming, all high potential categories, and our approach prioritizes sustainable, long-term value creation. We expect measured top-line growth in 2025, weighted toward the second half of the year, and we are confident that our initiatives will drive meaningful acceleration over time. Funko has a strong foundation, a clear strategy and a committed leadership team – we are excited about the opportunities ahead.”