Written by T. K. Lin

Published on

26 Mar 2026

2 mins read

Pop Mart posted strong growth in 2025, but the results failed to lift its stock. Shares of the Hong Kong-listed toymaker closed at HKD 168.3 (USD 21.5) on March 25, down 22.5%, after the company reported a sharp rise in revenue and profit alongside a growing reliance on “The Monsters,” the Labubu-led franchise that now anchors the business.