Pop Mart Quadruples Profit, Shares Lose Momentum

The Beijing-based toy maker defied doubters who predicted the Labubu fad would fade, achieving significant growth despite weak consumption in China and global tariff turmoil. Overseas revenue surged almost fourfold to 16.27 billion yuan, comprising 44% of total revenue.

Pop Mart has maintained consumer interest with new product rollouts like Mini Labubus and characters Skullpanda and Twinkle Twinkle. However, investors are questioning the company's ability to sustain this hit-making streak, as its shares, after a 350% surge over two years, have lost momentum recently, rising only 16% this year through Tuesday amid geopolitical conflicts, and showing a -22.51% 5-day change and -10.34% YTD change.