Funko sees second-half revenue down high single digits

Funko (FNKO) states: “The Company’s current outlook includes the anticipated impact of the most recent tariff rates. However, it does not account for any further tariff actions, as the impacts of such actions remain uncertain. The Company provided comments on the following expectations regarding its outlook for the second half of 2025, as follows: Financial performance to improve compared with the first half; Net sales to be down high single-digits compared with the second half of 2024; Adjusted EBITDA margin to be in the mid- to high single-digits range; and, Q4 results to ramp up over Q3.”