Pop Mart's overall revenue in the third quarter of 2026 decreased by 45%-50% year-on-year

Pop Mart announced that the overall revenue for the third quarter of 2026 (unaudited) decreased by 45%-50% compared to the third quarter of 2025.

Among them, revenue in China decreased by 25%-30% year-on-year, revenue in the Asia-Pacific region decreased by 65%-70% year-on-year, revenue in the Americas decreased by 70%-75% year-on-year, and revenue in Europe and other regions decreased by 50%-55% year-on-year. Revenue from offline channels in China decreased by 5%-10% year-on-year, while revenue from online channels decreased by 45%-50% year-on-year.