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Funko Builds Q1 Momentum With Higher Sales, Stronger Margins

The Funko turnaround is starting to pop.

The company opened 2026 with improved first-quarter results as sales climbed and losses narrowed year over year.

Net sales reached $200.9 million in Q1, up 5.3% from $190.7 million in the prior-year period. Gross profit increased to $88.8 million, while gross margin expanded to 44.2%, compared with 40.3% last year.

“We kicked off the year with a strong Q1 performance, building on the positive momentum from the second half of 2025, with net sales, gross margin, and adjusted EBITDA all exceeding expectations,” said Funko CEO Josh Simon. “International sales were robust, particularly in Europe, and our Core Collectibles business increased 17% year-over-year, contributing to the highest reported gross margin in our history. As we focus on bringing the biggest cultural moments to life, we’re excited to continue executing against our strategic plan, moving at the speed of culture, meeting fans wherever they are and giving them new ways to connect with the stories they love.”

The pop culture lifestyle company also trimmed SG&A expenses to $83.7 million, down from $84.8 million in Q1 2025. Funko reported a net loss of $18.1 million, or $0.33 per share, improving from a net loss of $28.1 million, or $0.52 per share, a year ago.

Adjusted net loss improved to $6.3 million, or $0.11 per share, compared with $17.8 million, or $0.33 per share. Adjusted EBITDA swung to $11.3 million from a negative adjusted EBITDA of $4.7 million last year.

For the second time, Funko took an unconventional approach to its earnings call, held at its flagship retail location in Hollywood. For Q1, the company enlisted influencer Tristan Wigglesworth, known as Top Pops, to host the conversation with Simon, CFO Yves Le Pendeven, and Loungefly General Manager Jessica Kong, who joined Funko earlier this year.

In addition to the usual Q&A session with Wall St. analysts, the Funko team took questions from die-hard fans, further leaning into the strong connection with its core audience.

Source: Funko Investor Relations

Notably, Funko joins much of the broader toy industry in looking forward to a massive entertainment year with high-profile titles such as Star Wars: The Mandalorian and Grogu, Supergirl, Toy Story 5, and Avengers: Doomsday poised to drive sales. Additionally, the continued popularity of streaming titles from Netflix, including One Piece, Stranger Things, and the Pulse of Play Award-winning KPop Demon Hunters (which accounted for 7% of net sales in Q1), should continue in the months ahead.

Funko reiterated its 2026 guidance, with net sales expected to be flat to up 3% year over year.

PBS Kids Announces New Shows

PBS Kids expands its preschool programming with two new animated series, Super Why’s Comic Book Adventures and Clifford the Big Red Dog. Both shows are produced by 9 Story Media Group and animated by Brown Bag Films.

Super Why’s Comic Book Adventures premieres Oct. 5 with seven-minute episodes set within a comic book-inspired universe. Each interactive episode encourages early literacy skills to promote the educational development of preschoolers and kindergarteners. The show expands the Super Why universe, which includes an Emmy-nominated program and a live show.

“Literacy-focused content that engages, entertains, and supports young learners is needed now more than ever, which is why we’re thrilled to expand on the Super Why universe,” says Sara DeWitt, Senior Vice President and General Manager of PBS Kids and Education. “Through its fresh, comics-inspired format and fun-filled stories, the new series will help young audiences jumpstart a lifelong love of reading.”

‘Super Why’s Comic Book Adventures’ encourages literacy. | Source: PBS Kids

The show reintroduces kids to Super Why, Wonder Red, Alpha Pig, and Princess Presto, along with newcomer Power Paige. With their gadgets and literacy powers, the team defends Reader Valley from villains who attempt to make reading difficult.

“It’s a full circle moment to reimagine Super Why! after 20 years in a way that ups the adventure, includes Super You, and feels true to the literacy power of the original series,” says Angela C. Santomero, Co-Creator and Executive Producer of PBS Kids and Education. “We know that kids and families will benefit from this new series as they learn, laugh, and help save the day.”

Through Super Why’s Comic Book Adventures, PBS Kids aims to increase reading scores for children across the United States.

The superhero team teaches literacy skills. | Source: PBS Kids

“Bringing Super Why’s Comic Book Adventures to life has been an exciting opportunity for our team to push the visual storytelling in a bold new direction,” says Coral Schoug, Vice President of Production at Brown Bag Films. “From the dynamic, comic book-inspired world to the pace and energy of each story, the series is designed to immerse young viewers while supporting the show’s core literacy mission in a fun and engaging way.”

Santomero teams up with Sarah Wallendjack and Alex Breen for Super Why’s Comic Book Adventures. The new series is directed by Sean Calligan, who also develops the show alongside Jill Cozza-Turner.

PBS Kids brings young audiences a new Clifford the Big Red Dog series next year. The series continues to share the story’s core values with kids, inspiring social problem-solving skills and a sense of community.

“Clifford has been a favorite with children and families for generations, and we can’t wait to reintroduce this Big Red Dog to PBS Kids audiences across the country,” DeWitt says. “Giving kids the skills, knowledge, and encouragement they need to connect with others and sustain relationships is more vital than ever to prepare them for success in school and life.”

Clifford returns in a new series. | Source: PBS Kids

The new show will bring back Emily Elizabeth and Clifford for new adventures that demonstrate to kids how they can impact their communities and how to make friends.

“Since he first filled a page, Clifford the Big Red Dog captured the heart of Scholastic and his adventures connected with readers everywhere, creating remarkable, global recognition,” says Iole Lucchese, Scholastic Chief Strategy Officer, President of Scholastic Entertainment, and Executive Producer for Clifford the Big Red Dog. “This new series builds on Clifford’s most endearing traits through fresh storytelling, creating new opportunities for audiences and marking an exciting step in the continued growth of the franchise.”

The series contains 26 episodes; each episode includes an interactive game and two 11-minute stories. Jason Hopley joins the show as its head writer with Cory Bobiak as the director.

“With this next chapter, we’re leaning into a more comedic approach that amplifies the scale and playfulness of Clifford, while staying grounded in the warmth and emotional connection audiences have always loved,” says Vince Commisso, President and CEO of 9 Story Media Group and Executive Producer for Clifford the Big Red Dog. “We’re also proud to once again partner with PBS Kids, a trusted home for a brand that has resonated with families for generations.”

Upon the premiere of these shows, PBS Kids will also release accompanying games on its official website and the PBS Kids Games app. Digital Super Why! story books will also be available. For more information, visit pbskids.org.

Ashley Graham to Headline Licensing Expo 2026 Session on Authentic Brand Partnerships

Licensing Expo 2026 will feature a keynote session with Ashley Graham, focusing on the role of authenticity in successful brand-talent collaborations.

The session, titled “Unlocking the Power of Authentic Partnerships in Brand and Talent Collaboration with Ashley Graham,” will take place May 19 at the License Global Main Stage. Graham will be joined by Natasha Bolouki of United Talent Agency for a fireside discussion on building partnerships.

“Ashley Graham is a powerful example of how to create a brand with inclusivity and authenticity at its heart that truly resonates with consumers, a must in today’s landscape,” says Amanda Cioletti, Vice President of Content and Strategy for the Global Licensing Group, which includes Licensing Expo, Brand Licensing Europe, and media brand License Global.

Graham’s portfolio spans fashion, licensing, and entrepreneurship, including collaborations with JCPenney and the co-founding of Lucci. Her approach emphasizes selecting opportunities that align with her personal brand and resonate with audiences, reflecting a broader shift toward authenticity in consumer engagement.

Moderated by Cioletti, the session explores strategies for evaluating partnerships, maintaining brand integrity, and developing scalable business ventures. Topics include licensing, storytelling, and building long-term brand equity through meaningful collaborations.

The discussion is part of a broader lineup at Licensing Expo, which brings together more than 5,000 brands and retailers across categories including entertainment, fashion, toys, and consumer products.

**Meet The Toy Book Team at Licensing Expo!**

The Adventure Media & Events team will be present at Licensing Expo with new issues of The Toy Book and The Pop Insider set to debut May 19. Visit us at Booth No. F106 to grab The Toy Book‘s 2026 Licensing & Entertainment Issue (featuring The Licensing Book supplement), and the spring edition of The Pop Insider. Both issues are now in production. To book your space in our new issues, please contact Jackie Breyer, James Devin, or Stephanie Katz.

Universal Brings Shrek’s 25th Anniversary to Licensing Expo

From swamps to shows, Universal Products & Experiences celebrates Shrek’s 25th anniversary at this year’s Licensing Expo.

At the event, the company will kick off its celebrations by unveiling plans for Shrek 5. The fifth installment of the movie franchise will reunite Mike Myers, Eddie Murphy, and Cameron Diaz for their roles as Shrek, Donkey, and Fiona. The long-awaited film, now arriving in theaters June 30, 2027, features vocal talent from global star Zendaya.

The movie release is accompanied by a comprehensive, cross-company campaign spanning film, television, streaming, and consumer products. Consumers can also expect Shrek 5 to appear as digital and theme park experiences, as well as marketing, retail, and fan activations. The all-new Universal Kids Resort in Frisco, Texas, set to launch later this summer, features an expanded presence for the franchise. This includes rides, attractions, play areas, and meet-and-greet experiences inspired by the world of Shrek.

Consumers can expect retail collaborations ahead of ‘Shrek 5’ and its theatrical release. | Source: The LEGO Group.

“As Shrek celebrates 25 years of cultural impact and looks toward its next cinematic chapter, the franchise is stepping into an exciting new era,” says Rafa Macias, Executive Vice President, Global Consumer Products & Games, Universal Products & Experiences. “This new chapter celebrates a beloved legacy, bringing new partners and experiences to life. It also honors fans who’ve grown up with Shrek and introduces the joy of Far, Far Away to new audiences.”

Licensing Expo attendees can learn more about the Shrek franchise by visiting Universal Products & Experiences at Stand No. U188.

Magic: The Gathering Unleashes Secret Lair Commander Deck: Goblin Storm

There’s a storm brewing in Magic: The Gathering (MTG), and fairytales are in the forecast.

Hasbro’s Wizards of the Coast has unveiled the latest Commander Deck coming to Secret Lair — Goblin Storm. Designed by MTG’s Carmen Klomparens and Eli Rice, this playful, pre-constructed set features fast-paced gameplay mechanics and adorable new artwork that’ll leave both beginners and longtime collectors spellbound. Players can add this Commander Deck to their collections starting May 18.

Weather the wizardry of Goblin Storm. | Source: Wizards of the Coast

“Secret Lair has long been known for its love of meteorological phenomena, and to answer the timeless philosophical question, ‘How many Goblins can I accumulate after I storm off to bash my opponents’ face in?’” said Steve Sunu, Secret Lair Principal Product Lead at Wizards of the Coast. “If you understood any of that last sentence, this is the deck for you! We tasked Wizards of the Coast’s best designers and asked one of Secret Lair’s fan-favorite artists — and longtime Goblin enjoyer — to help us help you develop your own answer to that question.”

The deck features new artwork by Wizard the Barge. | Source: Wizards of the Coast/The Toy Book

The deck features new artwork by Wizard the Barge. | Source: Wizards of the Coast/The Toy Book

The deck features new artwork by Wizard the Barge. | Source: Wizards of the Coast/The Toy Book

The set includes fresh foils and reprints. | Source: Wizards of the Coast/The Toy Book

Of the 100-card lineup, 37 cards feature all-new artwork by Wizard the Barge, including 22 borderless basic Mountains and 12 borderless foils, like Broadside Bombadiers, Grapeshot, Roaming Throne, and other fan-favorites. The remaining 63 are non-foil collectible reprints sporting their existing designs. For the full decklist, visit magic.wizards.com.

The limited-edition set arrives in a themed storage box, complete with foil Goblin tokens, a Storm Counter tracker, and a display Commander card for the fearsome Zada, Hedron Grinder, and more.

Secret Lair Commander Deck: Goblin Storm will be available on secretlair.wizards.com for $149.99 starting May 18, while supplies last. For more information, visit Wizards of the Coast’s website.

Wyncor, OuiDo! Enter Partnership to Develop Two Animated Series

Wyncor and OuiDo! Productions enter a strategic partnership to co-develop two original animated series. Both series are also launching alongside Wyncor Content Distribution, a new worldwide distribution arm with OuiDo! as a 50% partner.

The multi-layered agreement marks Wyncor’s expansion into a franchise-driven entertainment model, and OuiDo!’s strategy to grow its portfolio of original IP through international collaborations. Through this partnership, the companies aim to collaborate in building multi-platform franchises from the ground up.

To launch the collaboration, the companies will develop and produce two new animated properties. Inspired by Wyncor’s collectible plush brand, The Kwaaks! follows five superheroes as they protect the city and master their new hybrid forms. The collaboration also brings BABS!, an adventure series about a girl who can talk to animals and runs a one-of-a-kind animal babysitting service.

Wyncor and OuiDo! Productions will develop two original CG-animated series. | Source: Wyncor/ OuiDo! Productions

This is a defining moment for Wyncor,” says Julian Jacob, Founder and CEO of Wyncor. “We are building a new kind of entertainment company where products, storytelling, and audience engagement are developed hand-in-hand from day one. Partnering with OuiDo! allows us to scale that vision globally with world-class creative and production expertise.”

“At OuiDo!, we believe IP needs to be built from day one with both creative vision and market reality in mind,” says Sandrine Nguyen, CEO of OuiDo! Productions. “Wyncor’s product-first approach is complementary to our experience in premium animation and international co-productions. Together, we are in a position to launch standout franchises to resonate with audiences worldwide.”

For more information, visit wyncor.com.

Hasbro Celebrates Teacher Appreciation Month with Amazon and Play-Doh Campaign

May is Teacher Appreciation Month, and Hasbro is leading the charge with a national Play-Doh X Amazon campaign that recognizes and awards teachers for their hard work.

Within this campaign, administrators, students, and parents can nominate an educator for a chance to be featured on Amazon Lockers nationwide. Three winning teachers will also receive an ultimate prize pack of school-year essentials, including Play-Doh sets, and have their stories showcased across the country this August.

In addition to the recognition campaign, teachers can claim “Thank You Packs,” one of 10,000 complimentary Play-Doh gift sets while supplies last.

Kids, administrators, and parents can nominate a teacher for recognition. | Source: Hasbro

The Play-Doh workbook found in the Amazon storefront includes quick, educational activities. | Source: Hasbro

The Play-Doh Amazon storefront additionally features the Play-Doh Learning Lab, where teachers and parents can explore a workbook, along with Play-Doh classroom sets and playsets available for purchase now. The workbook features a variety of fun, creative activities to get kids excited while using Play-Doh products.

Activities in the workbook are categorized into Language Arts, Math Basics, Science and STEM, Arts and Crafts, Social and Emotional Learning, and Seasonal. Each activity includes step-by-step guides and takes 5-15 minutes to complete. These easy, hands-on activities make classroom learning fun.

Hasbro’s commitment to giving back to teachers demonstrates the company’s understanding of the dual nature of play and the key role educators play in the development of young minds.

To stay up to date on any Hasbro or PLAY-DOH releases, visit hasbro.com. Visit the Play-Doh Amazon storefront to shop Play-Doh products and to access the Learning Lab. Download the Play-Doh workbook online.

Nintendo Reveals ‘Star Fox’ As New Games Hit the eShop

Nintendo unveiled a new Star Fox game for Nintendo Switch 2 during this week’s Nintendo Direct presentation while also rolling out the latest batch of digital releases and updates through Nintendo eShop.

Launching June 25, Star Fox reimagines the Nintendo 64 classic Star Fox 64 with upgraded visuals, cinematic cutscenes, voiced dialogue, and new multiplayer features. Players join Fox McCloud and the Star Fox team as they battle Andross across the Lylat System using Arwings equipped for aerial combat and space dogfights.

The game includes returning Campaign and Challenge modes alongside a new 4-vs.-4 multiplayer Battle Mode supporting up to eight players. Nintendo also incorporates Switch 2-specific features, including Joy-Con 2 mouse controls, GameShare support, and GameChat avatar integrations themed around the Star Fox cast.

The announcement arrives as Nintendo continues expanding the Switch 2 library through Nintendo eShop. This week’s featured launch is Mixtape, a narrative-driven adventure from the developers of The Artful Escape that follows three friends navigating the highs and lows of adolescence through music-inspired gameplay.

Nintendo also opened preorders for Indiana Jones and the Great Circle ahead of its May 12 launch.

Additional activities this week include a limited-time Sableye event in Pokémon Pokopia and the Rattlin’ Snake Banaza DLC event for Donkey Kong Bananza. Nintendo also added a slate of new digital titles to the eShop for both Switch and Switch 2, including Blood: Refreshed Supply – Nintendo Switch 2 Edition, Call of the Elder Gods, Kill It With Fire! 2, Lost Twins 2, and Yomi 2.

Learn more at nintendo.com.

Asmodee Acquires Time’s Up!

Asmodee has completed its acquisition of the Time’s Up! intellectual property, bringing the long-running social game fully into its portfolio under the Zygomatic studio.

Originally created by Peter Sarrett and published by R&R Games, Time’s Up! has been licensed to Asmodee since 2005. The acquisition marks the final step in consolidating ownership, positioning the brand as a flagship title within Zygomatic’s lineup of social games.

“Time’s Up! is a unique brand with enduring appeal across generations,” explains Alexandre Alonso, Studio Head of Zygomatic. “Its simple concept, social energy, and replayability make it a cornerstone of the party game segment, and it’s been here for almost 30 years. We are excited to integrate it fully into our portfolio and shape its next chapter.”

Asmodee plans to expand the game’s global reach, with a focus on English-speaking markets, while building on continued growth in the social party game category. The company cited sustained category momentum in recent years as a driver behind the investment in established, accessible titles.

A structured development roadmap includes a planned refresh of the Time’s Up! range in 2027 to streamline the product line and modernize the brand. The strategy began earlier this year with the launch of Time’s Up! Express, a faster-paced version designed to broaden accessibility while maintaining the core gameplay experience.

With the acquisition, Asmodee continues to strengthen its portfolio of party and family games, supporting long-term growth through brand development, international expansion, and updated product offerings.

Learn more about both companies at asmodee.com and zygomatic-games.com.

**Meet The Toy Book Team at Licensing Expo!**

Jason Universe Expands Licensing and Partnerships Ahead of Licensing Expo 2026

Horror, Inc. is accelerating the growth of its Friday the 13th property through Jason Universe, unveiling a broad slate of licensing partnerships and cross-platform initiatives ahead of Licensing Expo 2026.

Timed to the brand’s 45th anniversary and the upcoming Crystal Lake prequel series from A24, the expansion includes more than 40 partners spanning apparel, gaming, toys, collectibles, costumes, and home goods. The initiative builds on continued fan engagement around Jason Voorhees through both legacy content and new entertainment projects.

“For decades, Jason Voorhees has anchored one of horror’s most enduring franchises, consistently engaging loyal fans while attracting new audiences,” says Robbie Barsamian, Executive Vice President at Horror, Inc. “As we scale Jason Universe through premium content initiatives, including gaming and the Crystal Lake series, our partnership strategy is focused on honoring the brand’s legacy, while expanding high-quality, multi-platform touchpoints that deepen audience engagement.”

In apparel, partners such as Bioworld Merchandising, Loungefly, and Mad Engine are developing new lines inspired by Jason Universe and related gaming collaborations. Interactive initiatives continue with Fortnite, which will feature Jason Universe content during its 2026 Fortnitemares event.

The toy category includes licensees such as Jazwares, JAKKS Pacific, and WizKids, while collectibles partners include Funko, NECA, and Kidrobot. Costumes from Spirit Halloween, InSpirit, and Rubies support seasonal retail, alongside additional products across housewares and stationery.

Represented by Striker Entertainment, Jason Universe will showcase its expanded portfolio at Licensing Expo, highlighting ongoing efforts to grow the franchise through coordinated licensing, gaming, and content strategies.

Learn more about the franchise at jasonuniverse.com. Visit Striker Entertainment at Licensing Expo at Booth No. A170.

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**Meet The Toy Book Team at Licensing Expo!**

**Meet The Toy Book Team at Licensing Expo!**

**Meet The Toy Book Team at Licensing Expo!**