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Labubu maker Pop Mart meets 2025 revenue expectations
Labubu maker Pop Mart meets 2025 revenue expectations
Lifestyle
Labubu maker Pop Mart meets 2025 revenue expectations
by DZRH News25 March 2026
Toys are displayed at at Pop Mart's Skullpanda pop-up shop in Manhattan, in New York City, U.S., December 12, 2025. REUTERS/Mike Segar

BEIJING, March 25 (Reuters) - Pop Mart International Group, the Beijing-based maker of collectible "blind box" toys - including the viral, toothy-grinned Labubu - on Wednesday said its 2025 revenue rose 185% from a year earlier and was in line with market expectations for 37.12 billion yuan ($5.38 billion).

Riding a global wave of demand for its plush toys, bag charms and collectibles from hit intellectual properties like The Monsters - including Labubu - Molly and Crybaby, Pop Mart has grown from a domestic blind-box retailer into one of the country's most closely watched consumer brands, as it continues to ride a wave of popularity to further overseas expansion.

  • Last year, Pop Mart nearly tripled revenue to 37.12billion yuan from 13.04 billion yuan a year earlier. It reportedprofit attributable to owners of 12.78 billion yuan, up 308%from 3.13 billion yuan a year earlier.
  • A key driver has been Labubu, the toothy character that helped turn Pop Mart into a rare Chinese brand with broad overseas appeal. In January, the company said it had added manufacturing capacity in Mexico, Cambodia and Indonesia to support demand and strengthen supply-chain resilience.
  • The company also said it plans to make London its European headquarters and has teamed up with Sony Pictures to develop a film about Labubu, underscoring its push to expand further in overseas markets.

(Reporting by Casey Hall in Shanghai, Sophie Yu in Beijing; Editing by Thomas Derpinghaus)

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