Funko raised its full-year adjusted EBITDA guidance to a range of $100 million to $110 million, citing a $25 million tariff credit recognized in the second quarter and $5 million from improved profitability. The company reiterated its net sales guidance of flat to up 3% for the year. Second-quarter gross margin reached 56.6%, or a record 44.4% excluding the tariff credit, while adjusted EBITDA swung to $40.9 million from a negative $16.5 million a year earlier. CEO Josh Simon highlighted new product platforms such as POP! Mystery and a partnership with HP on additive manufacturing, while CFO Yves Le Pendeven noted that the company factored in tariffs of 10% to 12% but warned that surprises could still occur.
Funko IncRaised full-year adjusted EBITDA guidance to $100M-$110M, citing tariff credit and improved profitability.
HP Inc