Pop Mart’s stock price surged 12.5% on Wednesday, reversing early losses of nearly 5%. The company’s net profit jumped an astonishing 396.5% to $4.57 billion for the first six months of 2025. This represents a significant increase from the previous month’s forecast of at least 200% revenue growth and 350% rise in profit.
The company’s revenue grew 204.4% year-over-year to $1.93 billion, driven by strong demand for its Labubu dolls, which have become incredibly popular globally. The dolls’ unique design has been spotted on the bags of Rihanna and K-pop band Blackpink’s Lisa, further fueling their popularity.
Analysts expect Pop Mart’s stock to continue rising in the coming weeks, with some warning that volatility could be driven by short-sellers covering their positions. Others believe global investors are betting on China’s growing consumption market, driving demand for Pop Mart shares.
CEO Wang Ning expressed confidence in the company’s ability to hit its 2025 revenue target of $20 billion, stating that reaching $30 billion this year is “quite easy.” The company plans to roll out a miniature Labubu doll this week, which can be clipped onto phones.
However, some analysts have raised concerns about the long-term viability of Pop Mart’s key IPs. Jeff Zhang, an equity analyst at Morningstar, warned that consumers’ preferences may change rapidly, and there is no guarantee that Labubu dolls will remain popular in the next 5-10 years.
Source: https://www.cnbc.com/2025/08/20/labubu-pop-mart-shares-after-profit-surge.html