Funko Investor Relations Material

Funko Inc. is an American toy company with multinational operations that is most known for its extensive range of pop culture-related collectibles. The company's primary product line, Pop! Vinyl figures are immensely popular and are characterized by oversized heads and large, pupil-less eyes. These figures cover a vast array of licensed content, including characters from movies, TV shows, video games, sports, and more. Funko's product offerings have expanded beyond Pop! Vinyl figures to include plush toys, action figures, and board games. Funko is headquartered in Everett, Washington, and its shares are listed on the Nasdaq.

Funko was founded in 1998 by Mike Becker in Snohomish, Washington, and initially focused on creating nostalgia-themed bobbleheads. Funko underwent a transformative change in 2005 when Mike Becker sold the company to Connor Orcutt, who then served as the Chief Creative Officer. Following the acquisition, Orcutt relocated the company's headquarters to and initiated a significant expansion of Funko's licensed product offerings. A key development in this expansion was the introduction of the Pop! Vinyl line of figurines in 2011, a move that marked a major milestone for the company. By 2012, this strategic shift had borne fruit, with Funko achieving over $20 million in merchandise sales. Over the years, the company has cultivated a strong following among collectors and pop culture enthusiasts.

Funko Pop! figures, a flagship product line of Funko, have become a cultural phenomenon since their debut in 2010. These collectible figurines are known for their distinctive style, featuring oversized heads, large expressive eyes, and a small body, capturing the essence of a vast range of characters from various facets of popular culture. The Funko Pop! series has expanded over the years to include thousands of different figures, catering to an extensive and varied fan base, with characters whose IP is owned by companies such as Activision Blizzard (acquired by Microsoft in 2023) and Disney.

Funko's product range extends beyond its renowned Pop! figures to include a variety of collectibles and entertainment items. They offer smaller vinyl figures, blind-box collectibles, plush toys, and board games, catering to diverse interests and age groups. The company also has a line of themed apparel and accessories, broadening its reach in the realm of pop culture merchandise.