Good news for Funko as its second quarter net sales increase by almost 34% over their 2021 figures, bringing in $315.7m, a positive indicator for the rest of 2022 and beyond.
Funko says the record second quarter net sales were driven by broad-based strengths across brands, channels and geographies.
Funko has reported its consolidated financial results for the second quarter ended 30th June 2022, revealing that net sales increased 33.7% year on year to $315.7m.
The company said it was pleased with broad-based net sales growth in all geographies and brand categories and highlighted a record net sales quarter for the Loungefly brand. Direct-to-consumer sales grew 26% on continued growth in e-commerce and physical store operating metrics.
Funko said it continued to set the bar for accessible and fun entry into NFT collecting with frequent Digital Pop! NFT drops, including the largest-to-date, DC comics. The company acquired high-end collectible company Mondo, bringing iconic vinyl records, posters and other collectibles to Funko’s pop culture platform.
Iron Studios Art Scale: Iron Studios: Star Wars: Star Wars: The Mandalorian: Art Scale 1/10 Statue: Luke Skywalker (Combat Version) from Star Wars: The Mandalorian @ ForbiddenPlanet.com – UK and Worldwide Cult Entertainment Megastore
