Pop Mart's revenue fell by nearly half because of Labo's decline in popularity, Retail Detail writes. In the third quarter of 2026, the company's revenues decreased by 45-50% year over year. The sharp drop was especially noticeable in the US and Europe. In the past, Pop Mart's quarterly revenue grew by about 250%. The company has always denied being too dependent on one hit, but experts are beginning to question that because of a new trend. Pop Mart.

Pop Mart's revenue fell by nearly half because of Labo's decline in popularity, Retail Detail writes. In the third quarter of 2026, the company's revenues decreased by 45-50% year over year. The sharp drop was especially noticeable in the US and Europe. In the past, Pop Mart's quarterly revenue grew by about 250%. The company has always denied being too dependent on one hit, but experts are beginning to question that because of a new trend. Pop Mart.