Pop Mart Reports 45% to 50% Drop in Third-Quarter Revenue

Hong Kong-listed Pop Mart International Group Limited said Tuesday its unaudited third-quarter revenue fell 45% to 50% from a year earlier, with declines across every reported region.

The steepest drop was in the company's America region, where revenue fell 70% to 75%. Revenue in Asia-Pacific declined 65% to 70%. Europe and other regions recorded a 50% to 55% decrease.

Revenue in China fell 25% to 30%. Its online channels recorded a 45% to 50% decline, while offline channels fell 5% to 10%. Those channel figures cover China only; the overall revenue range includes all regions.

The figures cover the third quarter and are unaudited.