Labubu doll-maker Pop Mart sees profit soar nearly 400% in first half
Pop Mart
, which has taken the world by storm with its ugly-cute
Labubu doll
, reported a nearly 400% first-half net profit on Tuesday on high demand for the toys and a shift towards
higher-margin overseas markets
.
Net profit of 396.5% and a 204.4% jump in revenues exceeded numbers flagged in an earnings preview last month forecasting revenue growth of 200% in the first half of 2025 and a recurring net profit increase of at least 350% on the year.
Shares in Pop Mart have risen more than 200% year-to-date, making the Chinese toy company more valuable than traditional industry giants like Barbie-maker Mattel and Hello Kitty parent company Sanrio.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Could Be the Best Time to Trade Gold in 5 Years
IC Markets
Learn More
Undo
Pop Mart often sells its collectable figurines in so-called "
blind boxes
" with buyers not knowing the exact design they will receive until they open the packaging.
One of the major drivers of the toothy-grinned Labubu's success has been its popularity with celebrity fans, who include Lisa of K-pop group Blackpink, singer Rihanna and ex-soccer star David Beckham.
Live Events
Pop Mart is pledging to increase supply of the dolls, which have sold out in stores around the world.
Its CEO Wang Ning, in an interview with Chinese state media last month, said sales of Labubu will surpass 10 million units per day from September this year.
Pop Mart classifies Labubu under its "The Monsters" intellectual property (IP) characters. It said on Tuesday that "The Monsters" raked in 4.81 billion yuan ($669.88 million) in the first half, accounting for 34.7% of total revenue.
Four other IPs earned over 1 billion yuan during the period, including "Molly" and "Crybaby", it added.
The company now has 571 stores - 40 of which it opened in the first half of this year - as well as 2,597 automated robot shops across 18 countries and regions, it added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
26 minutes ago
- India.com
8 Must-Watch K-Dramas For Beginners To Binge This Weekend
photoDetails english 2948579 Updated:Aug 19, 2025, 08:04 PM IST Business Proposal 1 / 8 Business Proposal is a lighthearted romantic comedy K-drama perfect for beginners. Ha-ri who agrees to go on a blind date pretending to be her rich best friend. But things take a hilarious turn when she discovers that her date is actually Kang Tae-moo, the new CEO of the company she works for. What starts as a fake date slowly turns into a charming love story full of funny misunderstandings, workplace banter, and sweet romance. Reply 1988 2 / 8 Reply 1988 follows a group of friends in the '80s, delivering a heartwarming and nostalgic story. A must-watch and perfect pick for K-Drama beginners. Extraordinary Attorney Woo 3 / 8 Extraordinary Attorney Woo follows the inspiring journey of a brilliant lawyer with autism as she navigates cases and life. A good pick for K-Drama beginners! Descendants Of The Sun 4 / 8 Descendants of the Sun is a gripping romance between a soldier and a doctor, set against the backdrop of duty and danger. A must-watch for K-Drama beginners. While You Were Sleeping 5 / 8 While You Were Sleeping is a fast-paced K-Drama with a perfect blend of thrills and comedy. With its engaging episodes, it's a must-watch for K-Drama fans. Destined With You 6 / 8 Destined With You is a charming tale of love and destiny, blending romance with a touch of magic. A must pick for K-Drama beginners. Crash Landing On You 7 / 8 Crash Landing on You is a heartfelt romance between a South Korean heiress and a North Korean officer. A perfect pick to kickstart your K-Drama journey. Hometown Cha-Cha-Cha 8 / 8 Hometown Cha-Cha-Cha is a heartwarming rom-com about a city dentist and a charming village handyman finding love and community. A perfect pick for K-Drama beginners. (All Images: IMDb/ Netflix)
Time of India
39 minutes ago
- Time of India
Mrunal Thakur opens a piece of her heart with fans, introduces them to her hobby after the Bipasha Basu controversy: 'Felt brave might delete later'
Mrunal Thakur has found a new way to connect with her fans—through the lens of her camera. Just ahead of World Photography Day on Tuesday, the actress unveiled a series of photographs on Instagram, giving followers a glimpse into her personal gallery of candid and aesthetic moments. Her collection ranged from a striking shadow imprinted on sand to the serene beauty of the sea. Among the frames were also what appeared to be a still of a church, along with a picture-perfect shot of a restaurant or bar. Yet, the most heartwarming of all were the captures featuring her brother, Dhaval Thakur. In a heartfelt note, the actress admitted that photography means far more to her than just a pastime. 'I have always believed that 'a picture is worth a thousand words'… and ever since I started taking my love for photography more seriously, I feel it even more," she wrote. She also shared how her curiosity to explore and learn new things pushed her to pursue this passion beyond mere admiration. The turning point came last year when she brought home her first Leica camera. Describing the moment as 'part joy and part terror,' Mrunal confessed, 'The passion moved to practical last year when I brought home my first Leica camera. I was so excited to start clicking pictures and also terrified that I would be terrible at it. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Rates Undo But I decided to take the leap and at least try.' Meanwhile, on the acting front, Mrunal's calendar is packed. After her recent appearance in Son of Sardaar 2, she is gearing up for Dacoit, co-starring Adivi Sesh and featuring Anurag Kashyap in a key role. Directed by Shaneil Deo, the film is slated to hit theatres on December 25. "Get the latest updates on Times of India, including reviews of the movie Coolie and War 2 ."
Time of India
39 minutes ago
- Time of India
'Ketamine Queen' agrees to plead guilty in 'Friends' star Matthew Perry overdose case, could face decades behind bars
Jasveen Sangha, infamously known as the 'Ketamine Queen,' has admitted to supplying the drugs that led to Matthew Perry's death. She faces decades in prison after agreeing to plead guilty to five charges, including distributing ketamine resulting in death. Sangha's drug operation, catering to celebrities, was exposed following a raid on her 'drug-selling emporium.' Matthew Perry 's tragic death in 2023 exposed the darker side of Hollywood's hidden drug culture. Now, Jasveen Sangha — widely known as the 'Ketamine Queen' for her lavish lifestyle and ties to celebrities — has admitted to supplying the drugs that led to his death. She now faces the possibility of spending decades behind bars. Plea Deal and Charges The 42-year-old American-British dual citizen has agreed to plead guilty to five charges in Los Angeles, including distributing ketamine that resulted in death or serious injury, according to the U.S. Justice Department. Originally facing nine counts, Sangha saw her home described by prosecutors as a 'drug-selling emporium' after investigators discovered dozens of ketamine vials during a raid. Matthew Perry was discovered dead in the jacuzzi of his Los Angeles home in October 2023. An autopsy later confirmed that his death was caused by the acute effects of ketamine. Five accused in Perry's supply chain Jasveen Sangha is among five individuals — including doctors and Perry's own assistant — who, according to U.S. officials, supplied him with ketamine. Prosecutors allege that they took advantage of the actor's struggles with addiction for financial gain, ultimately leading to his fatal overdose. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 5 Books Warren Buffett Recommends You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo The group facing charges includes Dr. Salvador Plasencia and Dr. Mark Chavez, who are accused of selling ketamine directly to Perry. Also implicated is Kenneth Iwamasa, the actor's live-in assistant, who allegedly not only helped purchase the drug but also injected it for him. Eric Fleming is said to have bought ketamine from Sangha and then resold it to Perry. Court proceedings All five of the accused have now agreed to plead guilty. Sangha's trial — which had already faced several delays — was scheduled to begin next month, but the plea agreement has brought that to an end. She is expected to appear in federal court in the coming weeks to formally enter her guilty plea as part of the deal with prosecutors. Her attorney, Mark Geragos, told the BBC that she is taking responsibility for her actions. Sangha will plead guilty to five charges — operating a drug-related premises, three counts of distributing ketamine, and one count of distributing ketamine that caused death or serious injury. According to the Justice Department, she faces a maximum sentence of 65 years in federal prison if convicted. Hollywood's Ketamine network Ketamine, a dissociative anesthetic with hallucinogenic effects, is only legal when used under medical supervision. Investigators say Sangha had been running an illegal supply network out of her North Hollywood 'stash house' since at least 2019. Authorities allege she catered to celebrities and wealthy clients, and during a 2024 raid, they seized more than 80 vials of ketamine along with other drugs such as meth, cocaine, and Xanax. As part of her plea deal, Sangha also admitted to selling ketamine that caused another man's fatal overdose in 2019. Well known in Hollywood circles, she was often seen at high-profile events and flaunted her lavish lifestyle on social media, showcasing parties and international trips. "Get the latest updates on Times of India, including reviews of the movie Coolie and War 2 ."
