Overseas Markets Likely to Drive Pop Mart's Revenue Growth in 2025 -- Market Talk

Dow Jones
2025/06/26

0758 GMT - Overseas markets could become Pop Mart's main driver of revenue growth in 2025, HSBC analysts say in a research note. HSBC upgrades Pop Mart's overseas revenue forecast in 2025 by 34% to 14.325 billion yuan. The bank expects overseas revenue to almost triple from a year earlier to account for 51% of the group's revenue in 2025, up from 39% in 2024. The analysts think Labubu's new series and other intellectual properties under Pop Mart can keep consumer interest high in overseas markets. Meanwhile, the recent normalization of Labubu's resale prices is healthy for maintaining the IP, they add. HSBC maintains its buy rating on Pop Mart while raising its target price to HK$331.50 from HK$215.50. Shares are last at HK$252.80. (sherry.qin@wsj.com)

 

(END) Dow Jones Newswires

June 26, 2025 03:58 ET (07:58 GMT)

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