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Funko, the toy and collectibles company focused on selling items with connections to pop culture, is undergoing a significant restructuring. The company disclosed in a securities filing Friday that it will lay off between 180-200 employees, representing about 12-13 percent of its workforce.Funko said it expected to incur charges of up to $2.8 million associated with the layoffs, but that it will result in $20 million to $22 million of annualized run rate cash savings. The company says it is choosing to slash its staffing level as “part of the Company’s initiatives to re-balance its cost structure into prioritized areas that the Company believes will drive long-term growth and improve margins. As the Company focuses on these goals, it is consolidating functions and eliminating or reducing investment in areas of lower focus.”
Wednesday, August 29:00 am PTFunko
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today reported consolidated financial results for its second quarter ended June 30, 2023.
The Fall Geek-Out is live!Get excited for six drops of hot new collectibles from your favorite fandoms & brands every Friday from 8/25—9/29.Available at 8am CT. Limit 2 units of each item per order.Coming Friday 9/22Drop #005 from Funko
FUNKO GAMES ANNOUNCES 2023 HOLIDAY GAME LINEUPAhead of Toy Fair, Funko Games, the award-winning tabletop gaming studio, presents a collection of engaging board and party games inspired by beloved holiday classics, including iconic properties and characters like Charlie Brown, Rudolph the Red-Nosed Reindeer, Rugrats, Disney’s Winnie The Pooh, and Disney’s The Muppet Christmas Carol. As a leader in the gaming industry, Funko Games consistently creates fun, imaginative and engaging collectible games, offering immersive board game experiences to casual fans and board game enthusiasts alike.WHEN: Funko Games’ Holiday Card Games will be available in October 2023, and Peanuts Charlie Brown Trim the Tree Game will be available in November 2023.WHERE: Funko Games’ Holiday Card Games can be found at FunkoGames.com, and will be on-site at the Funko booth (#5407) at New York Toy Fair from Sat, Sep 30, 2023 – Tue, Oct 3, 2023 at the Jacob K. Javits Center in New York, NY.
Wednesday, October 119:00 am PTFunkoFIVE Exclusives?! Well, now it's just getting silly. Has anyone checked on Larry recently?
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, November 2, 2023, at 4:30 p.m. ET to discuss its financial results for the third quarter ended September 30, 2023. The conference call will be webcast and can be accessed on the investor relations section of the Funko website at You are not allowed to view links. Register or Login. After the call, a replay of the webcast will be available on the same website.
Wednesday, November 112:00 am PTThe Holidays are HERE! Get something for everyone on your list! Stock up and save!Buy One, Get One 50% Off All In-Stock Funko Items
EVERETT, Wash. & HATTEM, Netherlands--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, and Goliath, a private family owned and run global game company, today announced that the companies have entered into an exclusive worldwide license and distribution agreement for Funko’s portfolio of games marketed under the Funko Games brand. As part of the deal, Goliath also acquired the assets of Funko’s board game development studio, formerly known as Forrest-Pruzan Creative, and celebrated board game design team, Prospero Hall. Financial terms were not disclosed.Under the multi-year agreement, Goliath will be the exclusive worldwide distributor of Funko’s current catalog of games and puzzles and has agreed to collaborate with Funko to develop and distribute new games and puzzles. The agreement includes an initial payment from Goliath, followed by future minimum guaranteed royalty payments for the use of the Funko brand. Additionally, Goliath will acquire Funko’s current inventory of board games and puzzles, as well as rights to intellectual property related to the studio.
EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that it will host a conference call on Thursday, March 7, 2024, at 4:30 p.m. ET to discuss its financial results for the fourth quarter ended December 31, 2023.The conference call will be webcast and can be accessed on the investor relations section of the Funko website at You are not allowed to view links. Register or Login. After the call, a replay of the webcast will be available on the same website.