Pop Mart Posts 204% H1 2025 Revenue Growth

Pop Mart reported RMB 13.88 billion (USD 1.9 billion) revenue in H1 2025, up 204.4% year-on-year, and expects full-year revenue to exceed RMB 30 billion (USD 4.2 billion). The breakout of its Labubu IP and the “Big Into Energy” series pushed market capitalization to HKD 300 billion and drove overseas revenue growth of roughly 365–370% through Q3 2025. The company now operates 571 stores across 18 countries.
Scoring Rationale
Official strong financials and rapid international growth support score, limited by narrow toy-sector scope and non-technical impact.
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Sources
- Read OriginalPop Mart’s Wang Ning urges restraint amid global Labubu surgekr-asia.com



