Pop Mart stock dips 25% from August highs despite tripled Q3 revenue; Labubu resale slump sparks demand debate amid rising supply and global growth hopes.
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Shares of Chinese toymaker Pop Mart
fell 9% Thursday, notching the stock's worst day since April and extending its declines since a late-August peak.
The company behind the popular Labubu dolls, a series of collectible elf-like monster dolls that come in blind-box packaging, reported on Tuesday that third-quarter revenue had more than tripled year over year as sales in the U.S. swelled between 1,265% and 1,270%.
And yet concerns are growing the craze could be fading.
the Beijing-based toy maker posted annual revenue of 37.1 billion yuan ($5.4 billion) for 2025, up 185% from a year earlier, just…
Chinese toy maker Pop Mart International Group posted strong growth for the third quarter of 2025 that included a sales surge of…
Pop Mart has seen booming global demand for its Labubu plushies that have become a worldwide sensation.
Pop Mart, the Chinese toy company behind the recent Labubu craze, saw its shares fall this week after Morgan Stanley removed the…
CEO Wang Ning says even he’s been unable to accurately predict earnings growth amid a global collecting frenzy for Labubu dolls.
The Chinese company saw strong sales in overseas markets, especially in the US.
