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latimes.comSEP 262 min read

Funko nearly went under. This former Netflix executive has a plan to revive the popular doll maker

Funko Inc., a publicly traded doll maker, reported a $67.4M loss in 2024 with $908.2M in sales, down 13%. The company faces debt and cash flow issues but is implementing a turnaround plan under new CEO Josh Simon, including diversifying supply chains and faster product releases. Second-quarter sales rose 7% to $207.7M, with net income of $15.4M, though including tariff refunds.

Original reporting
latimes.com
Published Sep 26, 2026, 10:00 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 26, 2026, 11:44 AM UTC. Informational, not investment advice.
How this was made
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Funko nearly went under. This former Netflix executive has a plan to revive the popular doll maker — source image
Source · latimes.com
Decision brief

The 30-second read

Med
01

Why it matters

The Q2 earnings beat and profit reversal provide fresh material that could shift investor sentiment and price action.

02

Market read

First‑time reporting of Funko's Q2 profit and sales growth, a material earnings update for a small‑cap consumer discretionary stock.

03

What to watch

Potential volatility from future tariff adjustments and reliance on limited hit releases.

Relevance 7/10Novelty 7/10Timing: after-hours Friday

Background

Funko Inc., a NASDAQ‑listed maker of licensed Pop! figurines, has struggled with debt and declining sales, prompting a new CEO from Netflix.

Market effects

Sector

Positive signal for the broader collectibles and licensed‑merchandise sector.

Regional

May boost sentiment for other U.S. consumer discretionary stocks.

Global

Limited to niche market; no broad macro effect.

Counterpoint

What could challenge this read

The turnaround may be short‑lived if supply‑chain shifts and licensing costs remain high.

Key entities

  • executive
    Josh Simon

    New CEO hired from Netflix, leading the turnaround.

  • analyst
    Seaport Research Partners

    Provided buy rating and commentary on the earnings.

Read at source← All news

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