POP MART Earnings Call: 2026 Growth to Be No Less Than 20%, Labubu to Collaborate with World Cup

POP MART held its 2025 annual results conference today. Board Chairman and CEO Wang Ning set a growth target of no less than 20% for 2026, while the company also unveiled plans for park expansion and major IP collaborations, outlining its expansion path for the next phase. Wang Ning stated at the conference that we will strive to achieve a growth rate of no less than 20% in 2026. In 2025, POP MART achieved revenue of approximately 37.1 billion yuan, a year-on-year increase of about 185%, but slightly missing market expectations (some forecasts were around 37.5-37.6 billion yuan). Net profit reached 12.8 billion yuan, a year-on-year increase of about 309%. Concurrently, the company announced a collaboration with FIFA for the 2026 World Cup, with the core IP Labubu participating. This collaboration signifies that Labubu is expected to gain further international exposure through this top global sporting event. Phase II of the Park to Commence Construction in 2027, Adding Two New IP Scenarios In terms of physical business expansion, POP MART COO Si De revealed at the conference that Phase II of POP MART Land is currently in the detailed design stage and is expected to officially commence construction in 2027. According to current plans, the Phase II project will introduce dedicated scenarios for two IPs, SKULLPANDA and Starry, further enriching the theme park's IP matrix and broadening the content formats for its leading characters. Labubu Joins Hands with the World Cup, Accelerating IP Globalization The collaboration between POP MART and the FIFA World Cup centered on Labubu is another concrete implementation of the company's IP globalization strategy. Labubu has become one of POP MART's most recognizable core assets in overseas markets in recent years. Leveraging the World Cup, the world's most widely covered sporting event, for collaboration is expected to further reach new consumer demographics and market spaces. Continuous updates... Risk Warning and Disclaimer Market involves risks, and investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are appropriate for their specific circumstances. Investing based on this is at your own risk.