How did Funko's revenue and expenses trends shift in Q4 2024?

Funko's revenue and expenses trends in Q4 2024 are characterized by a stable revenue performance with a slight increase in expenses, leading to a more pronounced loss compared to the same period last year.

1. **Revenue Trends**:
- Funko reported a total revenue of $293.73 million for Q4 2024, which is a 0.9% increase from the same quarter last year.
- This revenue figure was slightly higher than the analysts' expectations of $286.12 million.
2. **Expense Trends**:
- The total expenses for Q4 2024 are not explicitly provided. However, the company reported a quarterly loss of $1.5 million.
- This loss was primarily due to a reported EPS (Earnings Per Share) loss of 31 cents.
- Funko's gross margin decreased to 38% to 40% and SG&A (Sales, General, and Administrative) expenses ranged from $93 million to $99 million.
3. **Comparative Analysis**:
- In the same quarter last year, Funko reported an EPS of 1 cent, which indicates a significant decline in profitability.
- The company's net sales guidance for the full year was lowered to $1.037 billion to $1.05 billion due to cautious consumer spending and wholesale customer caution.
4. **Strategic Adjustments**: Funko has been making strategic adjustments to navigate challenges, such as diversifying its supply base and expanding collaborations. These adjustments are likely influencing the company's revenue and expense trends.

In conclusion, Funko's revenue showed resilience with a slight increase, but the expenses and resulting loss indicate a challenging environment with potential capacity challenges and cautious consumer spending impacting profitability.