Funko, once a powerhouse in collector culture with its popular Pop! vinyl figures, is now facing a decline in sales and profitability. The company reported a second-quarter 2025 adjusted net loss of $0.48 per share, missing analyst expectations. Revenue also dropped by 21.9% year-over-year to $193.5 million. Sales in all segments, including core collectibles and accessories, experienced significant declines. Funko’s attempts to diversify into board games, apparel, and NFTs have not been successful in offsetting the slowdown in vinyl figure sales. With shares below the 200-day moving average and no upward earnings revisions, the market is cautious about Funko’s future prospects.

Read more at Zacks Investment Research: Bear of the Day: Funko (FNKO) – August 11, 2025