LABUBU Brand Surpasses 10 Billion Yuan in Revenue for the First Time, Yet Pop Mart Shares Plunge in Afternoon Trading
Deep News
Mar 25
On March 25, Pop Mart International Group Limited saw its stock price drop sharply by over 10% during afternoon trading in the Hong Kong market, falling to HK$193.2. The decline followed the release of the company's 2025 financial report. During the reporting period, the company achieved approximately 371.2 billion yuan in revenue, representing a year-on-year increase of 184.7%. Adjusted net profit reached around 130.8 billion yuan, up 284.5% compared to the previous year. The LABUBU product line surpassed 10 billion yuan in revenue for the first time, while six intellectual properties each generated over 2 billion yuan in revenue, and 17 IPs exceeded 1 billion yuan in sales.
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