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Mainland China Stays TOP Mart’s Biggest Market

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TEDDIE

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The company announced a total revenue of $1.79 billion for the year 2024.

The mainland of China remains the primary driver behind
POP MART’s success,
projecting $1.10 billion (¥7.97 billion) in revenue for 2024, marking a 52.3% rise compared to the previous year.

Throughout the entire year, POP MART announced a comprehensive income of $1.79 billion (¥13.04 billion), reflecting a substantial Year-over-Year growth of 106.9%, along with an adjusted net profit of $467.33 million (¥3.4 billion), which represents a significant rise of 185.9%.

Revenue generated from areas beyond Mainland China, such as Hong Kong, Macau, Taiwan, and other territories, saw a significant increase of 375.2%, reaching $696.88 million (¥5.07 billion). This sum constitutes 38.9% of the overall earnings.

POP MART broadened its global reach by establishing 130 physical retail outlets and 192 ROBOSHOPs across various regions. The brand strengthened its international standing through entries into new markets including Vietnam, Indonesia, the Philippines, Italy, and Spain, alongside prominent locales such as the Louvre in Paris and Oxford Street in London.

Moreover, POP MART reshaped its product range and kept seeing robust performance from major intellectual properties such as THE MONSTERS, MOLLY, SKULLPANDA, and CRYBABY, with these IPs together contributing more than $137.45 million (¥1 billion).

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