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

Dow Jones

Jun 26, 2025

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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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 03:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Overseas Markets Likely to Drive Pop Mart's Revenue Growth in 2025 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOverseas Markets Likely to Drive Pop Mart's Revenue Growth in 2025 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-26 15:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 26, 2025 03:58 ET (07:58 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09992","symbol_name":"泡泡玛特","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546201438","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546201438","pubTimestamp":1750924680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"09992":"泡泡玛特"},"translate_title":"海外市场可能推动泡泡玛特2025年收入增长——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09992":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 26, 2025 03:58 ET (07:58 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}