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.


