Funko 2019 results very strong

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Good news for Funko and the fans who love collecting them as the company posts strong 4th quarter and 2019 results, with net sales increasing by 16% to $795m.

Funko has reported its consolidated financial results for the fourth quarter and fiscal year ended December 31st 2019.

Net sales increased 16% to $795.1m; the improvement was primarily driven by an increase in the number of active properties and strength in the US and international markets. Gross profit increased 11% to $282.5m, which included a one-off charge of $16.8m related to the write-down of inventory.

In 2019, the number of active properties increased 20% to 804 from 672 in 2018, while net sales per active property decreased 3%. On a geographical basis, net sales in the United States increased 12% to $523.9m and net sales internationally increased 23% to $271.2m, driven primarily by 32% growth in Europe.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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Good news for Funko and the fans who love collecting them as the company posts strong 4th quarter and 2019 results, with net sales increasing by 16% to $795m.

Funko has reported its consolidated financial results for the fourth quarter and fiscal year ended December 31st 2019.

Net sales increased 16% to $795.1m; the improvement was primarily driven by an increase in the number of active properties and strength in the US and international markets. Gross profit increased 11% to $282.5m, which included a one-off charge of $16.8m related to the write-down of inventory.

In 2019, the number of active properties increased 20% to 804 from 672 in 2018, while net sales per active property decreased 3%. On a geographical basis, net sales in the United States increased 12% to $523.9m and net sales internationally increased 23% to $271.2m, driven primarily by 32% growth in Europe.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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