Pop Mart's Q3 sales fell 45% to 50% year-on-year

On October 28, Pop Mart submitted a performance update to the Hong Kong Stock Exchange, showing a 45% to 50% year-on-year decline in Q3 sales. Specifically, the Americas market dropped by 70% to 75%, and mainland China saw a decline of 25% to 30%. Since its peak in August 2025, the stock price has fallen by more than half, with a market capitalization of approximately $22 billion.

Evidence EVIDENCE

Sources 1 · Archived 0

SourceTypeReliabilityLink

李老师不是你老师

2026-10-29 04:04 · 10月28日，据《金融时报》报道，拉布布热潮降温，泡泡玛特第三季度销售额同比下滑45%至50%，股价自高点已跌逾半。

First-hand ●●●●●

Original

Context CONTEXT

Cause Not recorded yet

This event Pop Mart's Q3 sales fell 45% to 50% year-on-year 2026.10.28 · Reported

Effect Not recorded yet

Coverage of this event COVERAGE

Sayings · 2026-10-29 04:03 On October 28, according to the Financial Times, the Labubu craze is cooling down, and Pop Mart's third-quarter sales fell by 45% to 50% year-on-year, with its stock price having dropped by more than half from its peak.

Report