Pop Mart’s Split Investor Outlook Faces Earnings Reckoning

Investors will be looking to Pop Mart International Group Ltd.’s upcoming results for evidence that its strong growth can extend beyond the Labubu-driven boom, amid divided views over its prospects.

Focus will be on how quickly its other intellectual property characters can drive sales and if overseas expansion — particularly in the US — continues to gain traction. The Chinese toy giant is likely to report a 191% year-on-year jump in revenue for 2025, according to Bloomberg‑compiled estimates, when it releases results later Wednesday.