Toymaker Funko surges on activist push for sale

Funko

20/02/2026 15:05

** Funko Inc FNKO.O shares advancing 26% to $5.57, about a 10-month high, early Fri after activist investor Pleasant Lake Partners disclosed a ~10% stake and urged the co to explore strategic options, including a sale

** FNKO shares tracking biggest one-day pct gain since May

** The activist push comes as the toymaker, known for its pop culture collectibles, has struggled with declining revenue for the past two years

** Through Thurs close, FNKO shares had surged 30% YTD, but were still nearly 70% below their 52-week intraday high of $14.15

** Analysts expect Everett, Washington-based co's Q4 rev to fall 11% to $260.7 mln and for break-even adj earnings vs $0.08 profit a yr ago, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))