Pop Mart has posted stunning interim results for the first half of 2025, riding on the explosive popularity of its breakout character Labubu.
The Chinese toymaker reported revenue of US $1.93 billion , a staggering 204% year-on-year increase, while net profit surged almost 400% to US $636 million. Much of this growth was driven by Labubu and the “Monsters” series, which alone brought in about US $670 million - 668% jump compared with the previous year.
Labubu has quickly evolved from a niche collectible into a global sensation, now accounting for more than a third of Pop Mart’s sales. Celebrities such as Rihanna, Lisa of Blackpink, and David Beckham have been spotted carrying Labubu dolls, boosting its profile as both a toy and fashion accessory. This surge has helped Pop Mart’s market value climb past US $46 billion, surpassing industry giants like Mattel and Sanrio.
The company is aggressively expanding its global footprint to meet soaring demand. International sales now make up nearly 40% of total revenue, with North America and Asia-Pacific expected to rival China’s sales by year’s end. Pop Mart currently operates 571 retail stores and almost 2,600 automated “roboshops” worldwide, and it plans to open at least 100 more outlets overseas in 2025. To broaden its reach beyond blind-box collectors, the firm has also launched new products such as mini Labubu phone charms.
Looking ahead, CEO Wang Ning has forecast that full-year revenue could hit RMB US $2.78 billion, and possibly as high as US $4.18 billion if the craze continues. Yet analysts caution that the company’s fortunes are heavily tied to a single character, and long-term growth will depend on whether Pop Mart can replicate Labubu’s success with fresh intellectual property.
For now, the Labubu phenomenon shows no sign of slowing, cementing the quirky character as both a cultural icon and a business powerhouse driving one of China’s most remarkable consumer success stories in recent years.
Venezuela’s oil shipments have plunged following the United States’ seizure of a tanker earlier this week....
The Kremlin on Friday dismissed proposals for a ceasefire to allow a territorial referendum in Ukraine, describing any pause in hostilities as a tacti...
A new batch of photographs from Jeffrey Epstein’s estate has been released by the House Oversight Committee, shedding light on the financier’s con...
The European Union has announced plans to indefinitely freeze Russian assets held within the bloc, in a move aimed at ensuring up to $246 billion in R...
Turkish President Recep Tayyip Erdoğan and Russian President Vladimir Putin met for a closed-door discussion on the sidelines of the International Fo...
In a quiet but unmistakable wave, Labubu - the mischievous, wide-grinned character from Hong Kong-based toy studio Pop Mart - is carving out a niche for itself in the American cultural imagination.
A human-sized Labubu toy has sold for over $150,000 at a Beijing auction, setting a new record as the blind box collectible craze shifts into the realm of high-end art.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment