Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________________ FORM 10-K ___________________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...

(Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission file number: 001-38274 FUNKO, INC. Delaware 35-2593276 (State or othe ...

Funko, Inc. (NASDAQ:FNKO) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Rob Jeffrey - Director of Investor Relations Michael Lunsford - Interim Chief Executive Officer Steve Nave - Chief Operating Officer and Chief Financial Officer Conference Call Participants Linda Bolton-Weiser - D.A. Davidson Operator Ladies and gentlemen, Good afternoon and welcome to Funko's 29 Free Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission file number: 001-38274 FUNKO, INC. (Exact name of registrant as specified in its charter) Delaware 35-2593276 (State or other jur ...

Financial Data and Key Metrics Changes - In Q1, the company reported net sales of $252 million, at the top end of guidance, with a direct-to-consumer (D2C) channel growth of 61% to $42 million [16][21][22] - The wholesale business declined by 26% year-over-year to $210 million due to cautiousness from retailers regarding restocking and inventory levels [16][17] - Gross margin was 20%, impacted by a $30 million inventory write-down; adjusted gross margin would have been approximately 32% without this write-down [16][17] - Adjusted EBITDA was negative $14 million, exceeding expectations by more than $30 million [16][17] Business Line Data and Key Metrics Changes - Core collectible brands' net sales decreased by 23% to $183 million, while the Loungefly brand grew by 4% to $52 million [16][17] - Other brands, including toys and games, saw a decline of 13% to $16 million [16] Market Data and Key Metrics Changes - Net sales in the US declined by 23% to $178 million, while European sales grew by 4% to $59 million; other international regions saw a 23% decline to $15 million [16][17] - D2C now represents approximately 17% of net sales, highlighting strong brand enthusiasm despite a challenging retail climate [21][22] Company Strategy and Development Direction - The company is focusing on operational improvements and has made significant progress in cost reductions, aiming for annualized improvements of $150 million to $180 million [25][26] - A strategic partnership with Fanatics was launched, targeting the sports collectibles market, with plans for expansion in upcoming NFL and NBA seasons [12][21] - The company is taking a cautious approach for the second half of the year, reflecting macroeconomic uncertainties and adjusting full-year sales guidance to a decline of 5% to 10% [17][21] Management's Comments on Operating Environment and Future Outlook - Management noted that while the brand has shown resilience, external factors are impacting short-term performance, leading to a more conservative outlook for the second half of the year [12][21] - The company remains confident in its ability to navigate through macro uncertainties and is focused on long-term value creation for shareholders [12][17] Other Important Information - The company completed a 10% workforce reduction to better position itself for future growth initiatives [15] - Inventory at the end of the quarter totaled $192 million, a decrease of 22% sequentially but an increase of 19% year-over-year [17] Q&A Session Questions and Answers Question: What allowed the company to clear out inventory more quickly? - Management indicated that they acquired short-term expansion space in Arizona to stage inventory and found a third-party agent to accept trailers on behalf of carriers, which helped eliminate per diem charges [27][33] Question: What contributed to the change in revenue guidance for the back half of the year? - Management explained that the sales drop was a reaction to macro-level conversations with retail partners, who are reducing inventory across all categories due to cautiousness [36][38] Question: Why did Loungefly perform better than other product categories? - Management did not provide specific details on this question during the call, indicating that further granularity would not be available at that time [39][45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission file number: 001-38274 FUNKO, INC. (Exact name of registrant as specified in its charter) Delaware 35-2593276 (State or other ju ...

2 Unless otherwise indicated, information contained in this presentation concerning our industry, competitive position and the markets in which we operate is based on information from independent industry and research organizations, other third-party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from our internal research, and are based on assumptions made by us u ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________________________ FORM 10-K ___________________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of ...

November 3, 2022 Third Quarter 2022 Earnings 2 2 HOLLYWOOD UPDATE Cautionary Notes This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, our mission, growth opportunities, business strategy and plans and our objectives for future operations ...

Funko, Inc. (NASDAQ:FNKO) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Ben Avenia-Tapper - Director of IR Andrew Perlmutter - CEO & Director Jennifer Fall Jung - CFO Conference Call Participants Megan Alexander - JPMorgan Linda Bolton Weiser - D.A. Davidson Gerrick Johnson - BMO Capital Markets Operator Good afternoon, and welcome to Funko's Conference Call to discuss Financial Results for the Third Quarter of 2022. At this time, all participants are in listen-only mode. ...