ab 21 October 2025 Powered by YES UBS Evidence Lab Global Research First Read Pop Mart International Group Q325 strong beat on both domestic and overseas; peak season ahead Q: How did the announcement compare vs expectations? A: Pop Mart announced Q325 revenues up 245-250% YoY, with domestic/overseas sales up 185-190%/ 365-370% YoY, respectively, which beat our expectations of 180% YoY with domestic 143%/overseas 235% YoY. By channel, domestic offline/ online sales both demonstrated strong growth with 130-1 ...