Slide 1: Q1 2026 Earnings
Q1 2026 EARNINGS May 7, 2026 Q4 EARNINGS | 2025
Slide 2: Presentation Disclosures
Presentation Disclosures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, i
Slide 3: Table of Contents
MOTU POP! He-Man (Live Action) Table of Contents Executive Summary 4 Financial Summary 7 Brand Highlights 11 Appendix 16 Q1'26 EARNINGS | 3
Slide 4: Executive Summary
Executive Summary Q1’26EARNINGS Q1'26 EARNINGS|| 4
Slide 5: Josh Simon, CEO commentary
“We kicked off the year with a strong Q1 performance, building on the positive momentum from the second half of 2025, with net sales, gross margin and adjusted EBITDA all exceeding expectations. International sales were robust, particularly in Europe, and our Core Collectibles business increased 17%
Slide 6: Executive Summary
Executive Summary Strong Q1’2026 Financial Performance - Net sales, gross margin and adjusted EBITDA1 - all well above guidance Net sales of $201M, up 5% year-over-year, driven by continued positive 1 momentum in Europe and strong sales in the US wholesale channel; Core Collectibles business up 17
Slide 7: Financial Summary
One Piece POP! Monkey D. Luffy (Live Action) Financial Summary Q4 EARNINGS | 2025 Q1’26 EARNINGS | 7
Slide 8: Q1'26 Results vs Guidance
Q1’26 Results vs Guidance Guidance Actual Commentary Strong sales across Europe and in the North America wholesale Q1 sales ($201M) Q1 sales flat to down channel. Some of the upside to Q1 guidance was driven by a Net sales 2% vs Q1 2025 were UP 5% vs Q1 pull-forward in demand from retailers on stron
Slide 9: Q1'26 Net Sales Bridge
Q1’26 Net Sales Bridge $24M -23% +17% ($8M) -55% $201M ($6M) $191M +5% Q1-2025 Core Collectibles Loungefly Other Q1-2026 Core Collectibles: Net sales related to core collectibles increased $24M, led by Standard Pop! and Bitty Pop! product lines. Loungefly - decrease in Loungefly sales primarily due
Slide 10: 2026 Outlook
2026 Outlook Q2’26 Full-Year Commentary on Full-Year Outlook Guidance Outlook Core Pop! sales expected to grow high-single-digit Net sales ~$195M to $205M, %, offset by a double-digit % decrease in Loungefly Flat to up 3% (vs. LY) up 1% to 6% sales and other product lines primarily due to a signific
Slide 11: Brand Highlights
Brand Highlights Q4 EARNINGS | 2025 Q1’26 EARNINGS | 11
Slide 12: Top Properties of Q1 Net Sales
Q1’26 37% Top 10 Properties of Q1 Net Sales 7% of Q1 Net Sales 1. 6. 2. 7. 3. 8. 4. 9. 5. 10. Q1'26 EARNINGS | 12
Slide 13: NEW Shop-in-Shop at Inter Miami CF (MLS)
NEW Shop-in-Shop at Inter Miami CF (MLS) Opening night at Inter Miami’s new state of the art soccer stadium – Pop! Yourself and an assortment of exclusive Funko Pops! and Loungefly bags were a big hit with fans. Q1'26 EARNINGS |13
Slide 14: Funko showed up at WWE World and WrestleMania in Las Vegas
Funko showed up at WWE World and WrestleMania 42 in Las Vegas with a high-energy footprint. Pulling fans into the action with Pop! Yourself stations, exclusive drops and fan giveaways. New “QuickStrike” moment: turned a surprise WrestleMania appearance into a Pop! figure almost instantly … a real-ti
Slide 15: World Cup Fever!
World Cup Fever! Timed for the upcoming 2026 FIFA World Cup, we’ve launched officially licensed Pop! figures of World Cup team mascots and top players from Team USA, England, and France. Fans can also personalize their Pop! Yourself figures with the Team USA or Team England (available in UK) logo. Q
Slide 16: Appendix
Appendix Q4 EARNINGS | 2025 Q1’26 EARNINGS | 16
Slide 17: Q1'26 Financial Summary
Stranger Things POP! Steve Q1’26 Financial Summary Harrington Q1-2026 Q1-2025 Net sales $200.9 M $190.7 M Gross margin 44.2% 40.3% SG&A $83.7 M $84.8 M Adjusted net loss1 $6.3 M $17.8 M Adj. EBITDA1 $11.3 M $(4.7) M Adj. EBITDA margin1 5.6% (2.4)% 1 Adjusted net loss, adjusted EBITDA and adjusted EB
Slide 18: Reconciliation of Non-GAAP Financial Metrics
Reconciliation of Non-GAAP Financial Metrics Three Months Ended March 31, 2026 2025 (in thousands) Net loss $ (18,127) $ (28,059) Equity-based compensation (1) 2,414 3,265 Foreign currency transaction loss (2) 516 176 Tax receivable agreement liability adjustments (3) 112 - Third-party debt amendmen
Slide 19: Reconciliation of Non-GAAP Financial Metrics cont'd
Reconciliation of Non-GAAP Financial Metrics cont'd Three Months Ended March 31, 2026 2025 (in thousands) Net loss $ (18,127) $ (28,059) Interest expense, net 4,884 3,849 Income tax expense 3,153 844 Depreciation and amortization 14,774 15,262 EBITDA $ 4,684 $ (8,104) Adjustments: Equity-based compe
Slide 20: Reconciliation of Non-GAAP Financial Metrics cont'd
Reconciliation of Non-GAAP Financial Metrics cont'd Represents non-cash charges related to equity-based compensation programs, which vary from period to period depending on (1) timing of awards. Represents both unrealized and realized foreign currency losses (gains) on transactions denominated other