Pop Mart's 22% Drop Marks the End of Its High Growth This Year

SighingCashier · 2026-03-25T19:19:51+00:00

Popmart's 2025 profit attributable to shareholders surged over 3 times to 12.78 billion yuan, with revenue increasing 1.84 times to 37.1 billion yuan. However, growth decelerated in the second half, indicating that the high-growth trend is no longer sustainable.

SighingCashier

2026-03-25 19:19:51

Abstract generation in progress

March 26, 2026

Bubble Mart’s 22% Drop: No Longer a High Growth Year

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Benefiting from the Labubu craze, Bubble Mart (09992) once saw its stock soar. Yesterday, the company released its 2025 results, with shareholder profit attributable increasing over threefold year-on-year to 12.78 billion yuan (RMB). Revenue also rose 1.84 times to 37.1 billion yuan, meeting the lower end of market expectations. However, when analyzing the data for the second half of the year, the rapid slowdown in revenue growth in Q4 was evident. Chairman and CEO Wang Ning even used a “Formula 1 racing” analogy to describe the situation…

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