Pop Mart reports 45 to 50% revenue decline as Labubu sales weaken across major markets

Pop Mart, the Chinese toymaker behind the popular Labubu collectible dolls, reported a significant decline in revenue for the third quarter. The company's sales weakened across its major markets, with a 45 to 50 per cent year-on-year decline in revenue. This decline is particularly concerning as it affects not only the company's domestic market in mainland China, but also its overseas operations and online channels.

Why it matters

Pop Mart's revenue decline is due to weakening sales of Labubu dolls across major markets. This decline in sales could lead to a decrease in investor confidence and a potential drop in stock price.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to South China Morning Post. For information only — not financial advice.