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Sep 30
Coupang Q3 2025 Earnings Report
Coupang reported strong third-quarter results for 2025, with significant growth in net revenues, gross profit, and operating income.
Key Takeaways
Coupang delivered a robust performance in Q3 2025, with net revenues reaching $9.3 billion, an 18% year-over-year increase. Gross profit also saw a substantial rise to $2.7 billion, up 20% from the previous year, and operating income increased by $53 million to $162 million. The company's Product Commerce segment continued to be a strong driver of growth, while the Developing Offerings segment also showed significant revenue expansion.
Net revenues increased by 18% year-over-year to $9.3 billion, and 20% on a constant currency basis.
Gross profit grew by 20% year-over-year to $2.7 billion, with a gross profit margin of 29.4%.
Operating income reached $162 million, marking a 49% increase compared to the prior year.
Diluted EPS was $0.05, an increase of $0.01 over last year, and Adjusted EBITDA was $413 million with a 4.5% margin.
Coupang
Coupang
Coupang Revenue by Segment
Coupang Revenue by Geographic Location
Revenue by Segment
Product Commerce Revenue
CapyFin.comDeveloping Offerings Revenue
CapyFin.comRevenue by Geographic Location
Global Revenue
CapyFin.com Forward Guidance
Coupang's forward-looking statements indicate continued focus on growth strategies, investments in new products, and expansion into new markets, while acknowledging potential risks from market dynamics and global economic factors.
Positive Outlook
- Anticipated or target revenues, margins, and cash flows are expected to grow.
- Planned investments in new products and offerings are expected to yield positive outcomes.
- Continued growth of the retail market and increased acceptance of online transactions are favorable trends.
- Strategies are in place for managing growth and expansion into new markets and offerings.
- Focus on retaining existing suppliers and adding new ones to support business expansion.
Challenges Ahead
- Potential for actual results and outcomes to differ materially from expectations.
- Risks and uncertainties regarding changes in consumer preferences and spending patterns.
- Competition in the industry could impact financial performance.
- Potential fluctuations in financial performance due to various factors.
- Impact of global economic factors including inflation, foreign currency exchange rates, geopolitical events, and trade barriers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income