Pop Mart's stock is plummeting after it revealed that most of its sales come from Labubu

Source: Business Insider

Pop Mart's stock has dropped significantly after earnings. Patrick Chengzhi Wang/SOPA Images/LightRocket via Getty ImagesPop Mart's stock dropped 30% after it reported 2025 earnings. It reported that sales from "The Monsters" IP — or Labubu — accounted for about 40% of its total revenue.