Shares of Chinese pop toy maker Pop Mart International Group Ltd. fell after it reported robust revenue and profit growth, as analysts flagged concerns over longer-term popularity.The share price fell as much as 4.

Pop Mart's revenue jumped 204.4% year on year to 13.88 billion yuan ($1.93 billion), and its net profit attributable to shareholders soared 396.5% to 4.57 billion yuan for the first six months of 2025, compared with last month's forecast of at least 200% revenue growth and 350% rise in profit.

The Chinese company Pop Mart is officially more valuable than industry giants Mattel and Sanrio, thanks to the popularity of Labubu dolls.