![]() ![]() Follow her on Twitter Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit. You’ll be able to Pop yourself online beginning late next year.Īlexis Christoforous is an anchor and reporter for Yahoo Finance. “Think Build-a-Bear meets Funko Pop,” explains Mariotti.įor $25, you can choose from thousands of combinations of hair, apparel and other attributes to create a customized figurine for you or a loved one. If customization is more your style, Funko just rolled out mini-Pop factories at its headquarters in Everett, Washington, and the Funko Hollywood shop. The firm recently upgraded the toy company’s stock from Neutral to Overweight and lifted its price target from $6 to $12.Īnalyst Erinn Murphy sees evidence of “subsequent revenue pillars” with the recent launch of Funko’s own Snapsies line of toys at 800 Target stores, along with an expansion of board games and its digital efforts, which include a newly launched website in six European countries. The company’s prospects have turned Piper Sandler “cautiously optimistic” on Funko. “We feel that that segment of the population is a little bit different than the diehard ‘Mandalorian’ fans, Marvel fans, Star Wars fans, Disney fans. Funko Pop Animation: Cowboy Bebop - Spike with Weapon and Sword. This item: Funko Pop Animation: Cowboy Bebop - Vicious Collectible Figure, Multicolor. ![]() “Music, anime and sports are huge initiatives for us as a company to grow,” says Mariotti. Funko pop is the 2017 toy of the year and peoples choice award winner Frequently bought together. This product category has paved a new way for Funatics and fans to curate their pop culture collections. “We went from only 200 of our own products as late as June of this year, to now well over 2,000 products available on our website.”įunko’s own e-commerce site delivered triple digit sales growth last quarter and proved it doesn’t need new tentpole movies to drum up demand for its licensed pop culture products. Today marks the one year anniversary of Funko's Digital Pop non-fungible token, also known as NFT, launch. “We were very fluid with our ability to move products from specialty where there was no mall traffic, to our direct-to-consumer,” Mariotti says. And while Funko’s stock (FNKO) is down nearly 40% year-to-date, it is up 64% in the past three months. ![]() Funko’s Q3 earnings and revenue beat analysts’ estimates after the company quickly pivoted to a direct-to-consumer model, following the closure of most of its third-party retailers due to the pandemic. ![]()
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