Labubu doll maker Pop Mart's H1 revenue, profit up on new product launches

Pop Mart International

20/08/2026 09:45

Overview
China pop toy maker's H1 revenue rose 24% yr/yr to RMB17.17 bln
Net income attributable to owners up 10% yr/yr to RMB5.04 bln
Company repurchased and cancelled 11.22 mln shares during the period

Outlook
Pop Mart plans to use HK$240 mln of unutilized listing proceeds for investments, acquisitions and IP platforms before Dec. 31, 2026

Result Drivers
IP PORTFOLIO EXPANSION - Co said growth was driven by its proprietary IPs, with 11 artist IPs each generating over RMB100 mln in revenue during the period
GLOBAL PROMOTIONS - Co cited global collaborations and event tie-ins, such as The Monsters (Labubu) partnership with FIFA World Cup, as boosting brand influence and sales
NEW PRODUCT LAUNCHES - Co said new series and themed exhibitions for key IPs, such as Twinkle Twinkle and CRYBABY, helped attract consumers and drive sales

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 17.17 bln
 
H1 Net Income Attributable
 
RMB 5.04 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Pop Mart International Group Limited is HK$218.00, about 44.9% above its August 19 closing price of HK$150.50
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 18 - China's 361 Degrees International interim revenue rises 8%
Aug 19 - China's Hengan International H1 revenue falls 6.1% on promotional competition
Aug 17 - Shein cuts company valuation to around $25 billion in Hong Kong IPO, sources say

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/9306def4-09fb-4d5f-bdcc-9ae09d9b1cfe.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)