🟢 Funko is trading 5.6% up in pre-market on strong Q2 results, higher EBITDA guidance

Funko is trading 5.6% up at $6.26 after investors continued reacting to strong second-quarter results and higher full-year adjusted EBITDA guidance.

• Revenue rose 7% to $207.7 million; adjusted EBITDA reached $40.9 million.
• Management lifted full-year adjusted EBITDA guidance to $100 million–$110 million from $70 million–$80 million.
• The company reported record normalized gross margin and reduced debt.