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The Labubu doll’s popularity drove Pop Mart to $1.78B in 2024 revenue, fueled by blind boxes and collectible demand.
The Labubu doll, known for its quirky grin, has become a global phenomenon among Gen Z and Millennial adults, driving Pop Mart to $1.78 billion in 2024 revenue—a 106.9% year-on-year increase—thanks to its blind box format and collectible appeal.
More than a toy, it's seen as a fashion statement, investment, and status symbol, with rare editions selling for tens of thousands.
Customization through affordable accessories, especially from platforms like Temu, fuels the trend, while limited official releases and resale markets like eBay and Facebook Marketplace meet high demand.
With the Australian collectibles market projected to grow 8.6% annually through 2030 and blind box toys at 7.7%, the craze shows no signs of slowing.
La popularidad de las muñecas Labubu llevó a Pop Mart a $ 1.78B en ingresos en 2024, impulsada por cajas ciegas y demanda de coleccionables.