Funko sales were up 141% over 2020 and up 24% over 2019, according to the results the company released Thursday after the close; Funko also announced a CEO transition.
Sales for Q2 2021 were $236.1 million, up from $98.1 million in Q2 2020 and $191.2 million in Q2 2019 (see "Funko Games Sell-In Exceeds").
Net income was $20.9 million, up $36 million from the Q2 2020 loss, and also up substantially over the $11.4 million profit in Q2 2019. Sales of figure products and non-figure products (including Loungefly, games, plush) went up by about the same rate, the company reported. The strong Q2 performance follows a record Q1 (see "Funko Plans Over 40 Games").
Funko’s direct-to-consumer sales now account for 11% of sales; they were up 191% over the same quarter last year. Funko expects its in-person sales in 2021 to beat 2019 numbers, the last year there was a significant number of conventions, by over 40%.
Funko released its first NFT products in Q2; Mariotti reported that the first drop, of Teenage Mutant Ninja Turtles, sold out 20,000 standard packs and 10,000 premium packs in 15 minutes.
Current CEO Brian Mariotti will transition to a new role as Chief Creative Officer, managing product innovation, fan engagement, business development, M&A, and Funko’s Digital Pop! product line. Current President Andrew Perlmutter will become CEO on January 3.

New CEO Coming
Posted by Milton Griepp on August 6, 2021 @ 3:25 am CT

MORE GAMES
On April Fool's Day
April 1, 2025
Wizards of the Coast snuck in a Secret Lair X Marvel's Deadpool drop set, a DTC set for Magic: The Gathering, that was both officially announced and launched on April Fool's Day 2025.
'X-Men Starter Set' and 'Spider-Foes Starter Set'
April 1, 2025
Atomic Mass Games revealed two new Marvel Crisis Protocol Starter Sets.
MORE NEWS
'2-Page Underdelves' Heads to Retail
April 1, 2025
Goodman Games will release 2-Page Underdelves, a new Fifth Edition Fantasy book, into retail.
Collecting the Complete Saga in a Single Volume for the First Time
April 1, 2025
The compendium is the first complete collection in a single volume.