Bubble Mart's stock dropped by 15% in the afternoon. The performance indicates that sales of non-Labubu IP products did not meet expectations.

In the afternoon, Pop Mart experienced a decline of nearly 15%, the largest intraday drop since April 7th last year. The company's previously announced full-year revenue and net profit roughly met expectations, but sales of non-Labubu IP products fell short of expectations. As of the time of writing, Pop Mart has fallen by 13.5%.