NASDAQ$FNKO
Funko Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Funko reported record Q2 2021 with sales up 141% driven by broad-based strength across products, channels, and geographies.
Funko's Q2 2021 net sales increased by 141% year-over-year to $236.1 million. The company saw broad-based strength across all geographies, products, and channels, with significant growth in the U.S. and Europe. Net income also increased significantly to $20.9 million, and adjusted EBITDA reached $41.1 million.
- Net sales increased 141% year-over-year to $236.1 million.
- Gross margin expanded 250 basis points year-over-year to 39%.
- Net income increased $36.0 million year-over-year to $20.9 million.
- Adjusted EBITDA increased $40.8 million year-over-year to $41.1 million.
Headline financials
Revenue & EPS history
Funko · Revenue · Quarterly
$236M
Revenue by segment
Funko · $266M total across 3 segments · Q2 2021
- Core Collectible$187M—70.5%
- Other$48.9M—18.4%
- Loungefly$29.6M+42.9%11.1%
Forward guidance
In 2021, the Company expects net sales of $900 million to $930 million; Adjusted EBITDA margin of 14.0% to 14.5%; Adjusted Net Income of $57.4 million to $64.2 million, based on a blended tax rate of 25%; and Adjusted Earnings per Diluted Share of $1.06 to $1.19, based on estimated adjusted average diluted shares outstanding of 54 million for the full year.
Tailwinds
- Net sales of $900 million to $930 million
- Adjusted EBITDA margin of 14.0% to 14.5%
- Adjusted Net Income of $57.4 million to $64.2 million
- Blended tax rate of 25%
- Adjusted Earnings per Diluted Share of $1.06 to $1.19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.2%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+4.2%
Avg return
30 days after
56%
19 / 34 earnings
Positive
+25.1%
Q1 2020
Best reaction
-59.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +26.3% | +16.2% | |
| Q4 2025 | -4.0% | -18.6% | -15.3% | |
| Q3 2025 | +10.3% | +22.2% | -0.3% | |
| Q1 2025 | -16.5% | +11.7% | +14.5% | |
| Q4 2024 | -13.5% | -28.8% | -49.3% | |
| Q3 2024 | -3.4% | -9.2% | +0.9% | |
| Q2 2024 | +11.7% | +11.0% | +11.6% | |
| Q1 2024 | +8.9% | +28.2% | +43.5% | |
| Q4 2023 | +7.0% | -0.8% | -10.6% | |
| Q3 2023 | +22.1% | +9.6% | -5.0% | |
| Q2 2023 | -13.2% | -12.7% | -4.4% | |
| Q1 2023 | +15.0% | +13.5% | +27.4% | |
| Q4 2022 | -8.0% | -9.6% | -12.8% | |
| Q3 2022 | -59.2% | -47.1% | -45.8% | |
| Q2 2022 | -19.2% | -22.0% | -23.1% | |
| Q1 2022 | +19.5% | +8.9% | +21.7% | |
| Q4 2021 | +9.5% | -4.0% | -1.6% | |
| Q3 2021 | +10.8% | +8.1% | -7.6% | |
| Q2 2021 | -3.3% | -5.0% | -0.5% | |
| Q1 2021 | +19.1% | +9.5% | +10.2% | |
| Q4 2020 | +23.0% | +24.3% | +58.0% | |
| Q3 2020 | -9.4% | +12.0% | +63.2% | |
| Q2 2020 | -4.8% | +2.9% | +2.6% | |
| Q1 2020 | +25.1% | +18.4% | +88.1% | |
| Q4 2019 | -8.1% | -17.5% | -57.8% | |
| Q3 2019 | -12.7% | -16.1% | -18.0% | |
| Q2 2019 | +10.0% | +9.1% | +8.1% | |
| Q1 2019 | +3.4% | +9.7% | +4.6% | |
| Q4 2018 | +3.8% | -6.7% | +7.8% | |
| Q3 2018 | -25.3% | -25.7% | -31.5% | |
| Q2 2018 | +8.5% | +7.3% | +50.3% | |
| Q1 2018 | +2.5% | +3.5% | +28.4% | |
| Q4 2017 | +7.1% | +13.0% | +3.4% | |
| Q3 2017 | -10.7% | -17.2% | -34.7% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro