Pop Mart, the company behind famous Labubu dolls, has projected a 350% profit surge in the first half of 2025.
According to CNBC, the company, in a filing to the Hong Kong Stock Exchange, revealed that it expects at least a 200% increase in the revenue and 350% in the profits for the first half of 2025 as compared to last year.
The filing read, “Based on the information currently available to the Company and the preliminary review by the Board on the unaudited management accounts of the Group for the six months ended 30 June 2025, it is expected that the Group’s revenue… may increase by no less than 200% as compared with that for the six months ended 30 June.”
“The Group’s profit for the Period may increase by no less than 350% as compared to the Group’s profit for the Corresponding Period Last Year,” it added.
However, the share of Pop Mart International slides by over 6% on Wednesday, July 15, after the Chinese company made a massive earnings forecast.
The craze of the Labubu doll spread globally after famous celebrities, including Rihanna and Lisa from the famous South Korean girl group Blackpink, were spotted showing off the plush toy on their luxury bags.
Moreover, the increasing demand of Labubu dolls, ranging from about 59 yuan to 5,999 yuan, has made Pop Mart a $40bn (£31.6bn) company.
As per the Bloomberg report, the shares of the Beijing-based company soared by 588% over the past year.
