Labubu maker Pop Mart's shares fall 23% despite surging earnings

Revenue soared 184.7 percent to 37.1 billion yuan ($5.4 billion) in 2025, while net income surged 308.8 percent to 12.8 billion yuan, according to company earnings results published on the Hong Kong stock exchange on Wednesday. However, its Hong Kong-listed shares closed 22.5 percent lower despite the profit bounce. Beijing-based Pop Mart's annual revenue growth in 2025 was still largely reliant on sales of snaggle-toothed Labubus, with the Monsters series of which they are part generating more than one-third of revenue...