loungefly pixar

Funko’s accessories biz has its best quarter ever

A 114% net sales increase for its Loungefly business boosted overall net sales to US$315 million, setting a new first-half record for the 25-year-old company.
August 5, 2022

Funko has generated record-setting sales in the first half of 2022, the strongest in the Washington-based company’s 25-year history.

Fashion accessories helped boost overall net sales by 33% to US$315.7 million this quarter, compared to the same period last year. Funko’s Loungefly business, which encompasses licensed Disney, Nickelodeon, DC Comics and Pokémon products, posted unprecedented Q2 sales, jumping 114% to US$69.9 million. The company acquired California-based Loungefly in 2017.

Funko’s core collectible brands category climbed 23% to US$233 million, while its “other brands” segment grew by 11.6% to US$12.7 million.

In the US, the company had a 41.7% net sales increase to US$231 million, with a 21.8% bump in Europe to US$63 million. Net sales in other international territories collectively grew by 1.2% to US$21 million.

The company now predicts it will generate total net sales of US$1.3 billion (an estimated 26% increase) for the full year.

Funko has been quite active on the new business front recently, acquiring retailer Mondo in June, inking a deal with Britain’s 10:10 Games to co-produce its first video game in July, and hiring Michael Hyde (a former Mattel and The Character Group staffer) to expand its business in Asia earlier this week.

About The Author
News editor for Kidscreen. Ryan covers tech, talent and general kids entertainment news, with a passion for kids rap content and video games. Have a story that's of interest to Kidscreen readers? Contact Ryan at rtuchow@brunico.com

Search

Menu

Brand Menu