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2 clusters · 9 sources · 5 days · First seen · Last updated

Pop Mart financial performance and IP trends

Overview

Pop Mart reported a 23.8% year-on-year increase in first-half revenue, totaling RMB 17.17 billion. The company achieved an adjusted net profit of RMB 5.16 billion and a gross margin of 69.7%.

Growth was largely driven by the plush toy category, which saw a 60% increase, and strong performance from various intellectual properties (IP). While ‘The Monsters’ franchise, including the Labubu character, remains the largest contributor, its share of total revenue decreased from 34.7% to 26%. Other significant contributors included ‘Twinkle Twinkle’, Crybaby, Dimoo, SkullPanda, and Hirono.

Regional performance showed a sharp contrast: revenue from Greater China, Hong Kong, Macau, and Taiwan jumped 47.3%. However, the company faced declining sales outside of China as interest in the Labubu character waned. Following the financial disclosure, Pop Mart shares fell more than 4% in Hong Kong.

Entities

Pop Mart

Timeline

  1. 18 days ago

    [BUSINESS] 5 sources
    Pop Mart reports rising revenue amid declining international sales

    Pop Mart reported a 23.8% increase in first-half revenue to RMB17.17 billion, though shares fell in Hong Kong amid declining international sales and waning Labubu character hype.

  2. 22 days ago

    [BUSINESS] 4 sources
    Pop Mart reports 23.8% revenue growth driven by plush toys and IP diversification

    Pop Mart's first-half revenue rose 23.8% to RMB 17.17 billion, driven by a 60% surge in plush products and diversifying IP success beyond the Labubu franchise.

Sources

biznis.kurir.rs · dimsumdaily.hk · fastevictionservice.com · honestlymodern.com · insideretail.asia · insideretail.co.nz · insideretail.com.au · merca2.es · miaminewtimes.com