US stock futures flounder amid tech weakness, Fed caution
EVERETT, Wash. - Funko, Inc. (NASDAQ:FNKO) reported better-than-expected fourth quarter results but saw its shares plunge 6.5% in after-hours trading on Thursday as the pop culture collectibles maker issued weak guidance for the first quarter and full year 2025.
The company posted adjusted earnings per share of $0.08 for Q4, beating analyst estimates of breakeven. Revenue came in at $293.7 million, surpassing expectations of $285.41 million and up 0.9% year-over-year.
However, Funko’s outlook disappointed investors. For Q1 2025, the company expects a loss per share of $0.48 to $0.40, significantly wider than the $0.10 loss analysts were projecting. Q1 revenue guidance of $188-198 million also fell short of the $227.5 million consensus.
For the full year 2025, Funko forecasts revenue of $1.05-1.082 billion, below Wall Street’s estimate of $1.092 billion.
"2024 was a pivotal year for Funko. We strengthened our business, delivered on key financial goals and positioned the company for long-term success," said CEO Cynthia Williams. She noted Q4 net sales were at the top end of guidance while adjusted EBITDA exceeded expectations.
Gross margin expanded to 42.4% in Q4 from 37.6% a year ago. The company reduced total debt by $90 million in 2024.
Despite the Q4 beat, Funko’s cautious outlook for 2025 appears to have overshadowed the positive results, leading to the sharp stock decline in extended trading.
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