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Labubu-maker Pop Mart shares soar after posting near-400% profit surge
CNBC Television· 2025-08-20 20:00
First of all, PopMart is the company that is based right here in Beijing is behind this big Laboo craze. The company today announced massive earnings as well as sales up uh 400% for net income, revenue up by 200% and the CEO impressed when he said that he believed that exceeding $4.2% billion in sales would be quite easy. Uh the stock went on a roller coaster ride though uh hitting a record and this is after plunging because investors are really trying to figure out whether or not PopMart is riding a fad or ...
Labubu-maker soars on earnings
CNBC Television· 2025-08-20 16:48
Welcome back. If you don't know about it right now, your kid will surely be asking for one around the holidays. The Laboo, the so-called ugly cute doll, the newest sensation taking the world by storm.It's not just kids, by the way. And it's Chinese parent company benefiting as well. Shares of PopMart surging more than 650% just in the past year.Our Ununice Yun is in Beijing with the story. How did this happen, Ununice. Well, Sarah, there just a lot of people who are so excited about this character.So, first ...