Pop Mart's stock is plummeting after it revealed that most of its sales come from Labubu

Pop Mart shares plunged 30% after the company reported 2025 earnings. The firm said sales from "The Monsters" IP (Labubu) accounted for roughly 40% of total revenue, signaling high revenue concentration and likely driving the steep investor selloff.

Analysis

Pop Mart shares plunged 30% after the company reported 2025 earnings. The firm said sales from "The Monsters" IP (Labubu) accounted for roughly 40% of total revenue, signaling high revenue concentration and likely driving the steep investor selloff.