Estée Lauder reported its financial results for the third quarter of fiscal 2025, posting net sales of $3.55 billion, down 10% YoY, while turning a profit of $159 million. All four product categories saw sales declines, with skincare falling 12% to $1.807 billion. Despite the overall contraction, the company gained market share across all categories in China, with its mainland business achieving mid-single-digit growth.