Pop Mart's stock is plummeting after it revealed that most of its sales come from Labubu

Pop Mart's stock has dropped significantly after earnings. Patrick Chengzhi Wang/SOPA Images/LightRocket via Getty Images Pop Mart's stock dropped 30% after it reported 2025 earnings. It reported that sales from "The Monsters" IP — or Labubu — accounted for about 40% of its total revenue. Pop Mart is fighting hard to keep Labubu relevant. Pop Mart's stock price slid about 30% after it revealed its heavy reliance on its "The Monsters" IP, which includes Labubu. The Chinese toymaker's 2025 an...