EconomyPop Mart reports 45-50% revenue decline as Labubu sales weaken
Chinese toymaker Pop Mart, known for its Labubu collectible dolls, reported a 45-50% year-on-year drop in third-quarter revenue as sales weakened across major markets. Overseas operations and online channels were hit hardest. Revenue fell 25-30% in mainland China and 65-70% in Asia-Pacific markets outside mainland China and Oceania.
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South China Morning Post★★☆☆☆2026-10-27 11:00Original
Pop Mart reports 45-50% revenue decline as Labubu sales weaken
Economy