Funko released its third quarter financial results, reporting a 24 percent net sales increase, to $176.9 million.
Gross profit increased 16 percent to $68 million, while net income decreased 2 percent to $8.1 million and earnings per diluted share were $0.08.
The number of active Funko properties increased 38 percent in the third quarter, and international sales increased 44.1 percent.
“Our strong portfolio of properties and products, and our growing network of retail partners allowed us to achieve very strong third quarter growth in sales,” says Brian Mariotti, Funko’s CEO. “We have delivered great results in every quarter since our IPO last year, despite a retail landscape that companies in the toy industry have described as challenging.”
Mariotti also says the company is looking forward to 2019, which “looks to be a banner year for pop culture content.”