POP MART 2026 H1 Report: LABUBU Series Revenue Declines, Vinyl Share Rises to 57%

POP MART released its 2026 H1 report with 17.17 billion yuan revenue, up 23.8%. THE MONSTERS revenue fell 7.5% to 4.454 billion yuan. Vinyl product revenue reached 9.825 billion yuan, rising to 57.2% of total revenue. The company announced a 2-5 billion HKD share buyback plan, but the stock dropped over 8% and market cap fell below 200 billion HKD. AI-generated

Why it matters：The report shows LABUBU series revenue decline and vinyl products now account for 57% of revenue, causing a strong market reaction to slowing growth.

Source：Bing News: 泡泡玛特 股价 目标价 · Read the original ↗