When it comes to toys industry, many people know about some famous companies only like Mattel, Lego, Hasbro but very few know about Funko. Funko which is a toy making company has made lots of famous toys from last few years, and there’s a high probability that you must’ve seen Funko’s awesome toys of Marvel’s Avengers. Funko has made toys based on Star Wars character which were loved by all star wars fans. Also, the company has made some great toys based on real-life athletes from the NBA and NFL. Toys industry is getting lots of hit because of rising of high-end technology. Nowadays children are spending their time playing games on an electronic gadget. However, if we look into Funko’s financial statement, then it shows us a different side of the story.
According to reports the company managed to grow its third quarter’s revenue by more than 25 percent. The company hasn’t released its fourth-quarter earnings reports, but according to analysts it has managed to make more than 20% of last year’s revenue. Some analyst is predicting that this toy making company might provide more than doubled earning per share as compared to previous year. If we look into Funko’s stock then so far they have risen by more than 40%. However, since the company went public in 2012 shares of it has become volatile.
Funko was founded in 1998 whose motto is to provide deep tech nostalgia-themed toys. As of now, the company is doing fine in terms of sales and revenues, but still, overall it is still facing some uncertainties. Because many big companies from toy industry have reported a low amount of sales in previous quarter. However, the company’s official think they will get a boost in sale of their Pokémon based toys since a movie is coming based on famous Pokémon character Pikachu.