Funko says the record second quarter net sales were driven by broad-based strengths across brands, channels and geographies.

Funko has reported its consolidated financial results for the second quarter ended 30th June 2022, revealing that net sales increased 33.7% year on year to $315.7m.

The company said it was pleased with broad-based net sales growth in all geographies and brand categories and highlighted a record net sales quarter for the Loungefly brand. Direct-to-consumer sales grew 26% on continued growth in e-commerce and physical store operating metrics.

Funko said it continued to set the bar for accessible and fun entry into NFT collecting with frequent Digital Pop! NFT drops, including the largest-to-date, DC comics. The company acquired high-end collectible company Mondo, bringing iconic vinyl records, posters and other collectibles to Funko’s pop culture platform.

“Robust demand for our compelling product lineup led to another quarter of broad based strength across brand categories, geographies and channels,” said Andrew Perlmutter, Funko chief executive officer. “The strength of Funko’s pop culture platform continues to shine in our second quarter performance. Net sales for all three of our reported brand categories grew double-digits, with Loungefly more than doubling for the second quarter in a row reaching $70m in net sales for the quarter and $120m through the first half of the year. Our international business also had the best quarter ever with Europe growing 22% to $63m.”

Andrew Perlmutter added: “As we enter the second half of the year, our focus remains on executing against our four growth pillars, continued innovation in core collectibles, revenue diversification, international expansion and further development of our direct-to-consumer channel.”