Funko Inc. Reports Q3 2026 Growth Driven by International Markets and Core Collectibles
Funko Inc. (FNKO) reported third-quarter net sales of $258.3 million, a 3% increase year-over-year. While U.S. net sales saw a slight decline of 2.4% due to difficult inventory comparisons from the previous year, international markets provided significant tailwinds, with European sales growing by 11.5%. The company's Core Collectibles segment remains its primary driver, generating $210.1 million in revenue. Profitability metrics showed marked improvement, with gross margins rising to 45.2%—a 500 basis point increase from the prior year—and adjusted EBITDA reaching $32.1 million. Management is currently focused on deleveraging, successfully reducing total debt from $241 million to $195.9 million over the past year. Despite a decline in direct-to-consumer unit sales due to reduced discounting, the company reiterated its full-year guidance for flat to 3% revenue growth.
Topics: Adjusted EBITDA Gross Margin Net Income Net Sales Revenue Growth