Price drop for Labubu owner
Photo: Seth Wenig/AP/TT

Price drop for Labubu owner Pop Mart

The success of the Chinese Labubu dolls seems to have waned. Wednesday's interim report from owner Pop Mart caused the company's share price to fall by more than 20 percent. Pop Mart is more than just Labubu, CEO Ning Wang said.

The dolls with the big eyes and sharp teeth became a worldwide sales success in 2025. Revenue for the Chinese company Pop Mart surged 185 percent last year, but it was still lower than market expectations. Above all, the fourth-quarter results were a miss for the company.

Despite this, Pop Mart intends to continue expanding, especially in the U.S. market, where 42 new stores have been opened.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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