Pop Mart's stock price continued its downward trend, with third-quarter revenue falling by 45% to 50% year-on-year. The company's shares briefly dropped over 6% during Wednesday's trading session before narrowing losses to under 2%. According to disclosures, its third-quarter revenue declined by 45% to 50% year-on-year, with revenue in the Americas plummeting by 70% to 75%, Asia-Pacific by 65% to 70%, and mainland China by 25% to 30%. Jefferies noted that these results were weaker than its anticipated 30% revenue decline and consequently lowered its earnings forecasts for Pop Mart for 2027 and 2028.