Funko (FNKO) Tops Q2 EPS by 5c

Funko (NASDAQ: FNKO) reported Q2 EPS of $0.07, $0.05 better than the analyst estimate of $0.02. Revenue for the quarter came in at $138.7 million versus the consensus estimate of $122.53 million.

“The strong top-line momentum we experienced to start the year carried into the second quarter,” said Brian Mariotti, Funko’s CEO. “We saw further growth in our product portfolio, in our geographic footprint, and in our profitability, and we also continued to see robust demand around the world for our products, which feature a diverse mix of evergreen and newly released content that appeals to a wide consumer audience.”

“Thanks to our talented design teams, speed-to-market, extensive retail relationships and passionate customer base, the top brands across movies, television, video games, music and sports increasingly look to Funko to strengthen the connection between fans and their properties. We have built Funko into a dynamic platform for a growing array of pop culture and entertainment properties represented across a wide range of products. Looking ahead, we have a strong pipeline of products that we are preparing to launch during the second half of 2018, especially Pokémon and Fortnite, which we recently secured.”

For earnings history and earnings-related data on Funko (FNKO) click here.

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