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Pop Mart’s H1 revenue soars 62% YoY to $636M

Pop Mart’s H1 2024 report highlights robust growth, with revenue reaching 4.56 billion RMB ($636.7 million), up 62% YoY, and adjusted net profit rising 90.1% to 1.02 billion RMB ($141.5 million). The gross profit margin increased to 64%. Mainland China saw steady growth with 3.21 billion RMB ($441.7 million) in revenue, a 31.5% increase. Overseas markets surged, generating 1.35 billion RMB ($187.5 million), a 259.6% rise, with Southeast Asia leading at 560 million RMB ($77.2 million), up 478.3%. Pop Mart, founded in 2010, has built a comprehensive platform spanning IP incubation, trendy toys, theme parks, and digital entertainment.

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