Pop Mart’s Global Expansion Powers 250% Revenue Surge

Pop Mart’s sales in the Americas alone skyrocketed by 1,265% to 1,270% for the three months ended September

Pop Mart International Group Ltd. said its third-quarter revenue surged as much as 250% year-on-year, fueled by a meteoric rise in demand outside the Chinese mainland — particularly in the Americas, where interest in its flagship character Labubu has reached a frenzy.

In a filing released after the market closed Tuesday, the Hong Kong-listed toymaker reported a 365% to 370% jump in overseas revenue — covering markets beyond the Chinese mainland, Hong Kong, Macao and Taiwan — for the three months ended September. Sales in the Americas alone skyrocketed by 1,265% to 1,270%, outpacing the already explosive 1,142.3% growth seen in the first half of the year.