Earnings summaries and quarterly performance for Coupang.
Executive leadership at Coupang.
Board of directors at Coupang.
Research analysts who have asked questions during Coupang earnings calls.
Jiong Shao
Barclays
7 questions for CPNG
Also covers: BABA, GRAB, SE +1 more
Stanley Yang
JPMorgan Chase & Co.
7 questions for CPNG
Seyon Park
Morgan Stanley
5 questions for CPNG
Eric Cha
The Goldman Sachs Group, Inc.
4 questions for CPNG
Wei Fang
Mizuho Financial Group
4 questions for CPNG
Also covers: AMCN, ANTE, BILI +3 more
Minuh Cha
Goldman Sachs
3 questions for CPNG
Seon Parks
Morgan Stanley
2 questions for CPNG
James Lee
Mizuho Securities
1 question for CPNG
Also covers: ABNB, BABA, BIDU +5 more
Recent press releases and 8-K filings for CPNG.
Coupang Reports Strong Q3 2025 Revenue and Profit Growth
CPNG
Earnings
Guidance Update
New Projects/Investments
- Coupang reported Q3 2025 consolidated revenues of $9.3 billion, an 18% year-over-year increase (20% in constant currency), with gross profit of $2.7 billion and Adjusted EBITDA of $413 million.
- The Product Commerce segment achieved $8 billion in net revenues (up 16% year-over-year) and segment-adjusted EBITDA of $705 million (up 50% year-over-year), resulting in an 8.8% margin.
- Developing Offerings saw net revenue of $1.3 billion (up 32% year-over-year), largely due to accelerating triple-digit growth in Taiwan, but incurred a segment-adjusted EBITDA loss of $292 million due to ongoing investments.
- The company updated its full-year guidance for Developing Offerings adjusted EBITDA losses to be around the higher end of the $900-$950 million range and maintained its full-year total net revenue growth guidance of roughly 20% in constant currency.
- Coupang is actively investing in AI and automation technologies to enhance operations and customer experience, while also expanding its last-mile logistics and WOW membership in Taiwan.
Nov 4, 2025, 10:30 PM
Coupang Reports Strong Q3 2025 Revenue and Margin Growth, Driven by Product Commerce and Taiwan Expansion
CPNG
Earnings
Guidance Update
New Projects/Investments
- Coupang reported Q3 2025 consolidated revenues of $9.3 billion, marking an 18% year-over-year growth (20% in constant currency), with gross profit margins expanding to 29.4% and Adjusted EBITDA margins reaching 4.5%.
- The Product Commerce segment achieved $8 billion in net revenues, growing 16% year-over-year, and its Adjusted EBITDA increased 50% to $705 million, with a margin of 8.8%.
- Developing Offerings revenue grew 32% year-over-year to $1.3 billion, primarily driven by triple-digit growth in Taiwan, though the segment incurred an Adjusted EBITDA loss of $292 million due to continued investments.
- The company expects full-year total net revenue growth of roughly 20% in constant currency and anticipates developing offerings' adjusted EBITDA losses to be around the higher end of its $900-$950 million guidance.
- Coupang is accelerating automation deployment in logistics and leveraging AI to improve operations, reduce waste, and enhance customer experience.
Nov 4, 2025, 10:30 PM
Coupang Announces Q3 2025 Financial Results
CPNG
Earnings
Revenue Acceleration/Inflection
- Coupang reported total net revenues of $9.3 billion for Q3 2025, marking an 18% increase year-over-year (20% on an FX-neutral basis).
- Gross profit grew 20% year-over-year to $2.7 billion in Q3 2025, with the gross profit margin expanding by 51 basis points year-over-year to 29.4%.
- Net income attributable to stockholders increased by $25 million year-over-year to $95 million in Q3 2025.
- Adjusted EBITDA rose by $70 million year-over-year to $413 million in Q3 2025, achieving a 4.5% margin.
- Product Commerce net revenue increased 16% year-over-year to $8.0 billion, and its Adjusted EBITDA grew by $235 million year-over-year to $705 million, with an 8.8% margin.
Nov 4, 2025, 10:30 PM
Coupang Reports Strong Q3 2025 Financial Results with Continued Growth in Product Commerce and Taiwan
CPNG
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Coupang reported consolidated revenues of $9.3 billion for Q3 2025, an 18% year-over-year increase (20% in constant currency), and adjusted EBITDA of $413 million, up 20% over last year. The consolidated gross profit margin expanded to 29.4%, up over 50 basis points year-over-year.
- The Product Commerce segment generated $8 billion in net revenues, growing 16% year-over-year (18% FX-neutral), and its adjusted EBITDA reached $705 million, a 50% increase over last year, with a margin of 8.8%.
- The Developing Offerings segment saw net revenue of $1.3 billion, increasing 32% year-over-year, primarily driven by accelerating triple-digit growth in Taiwan. This segment reported a segment-adjusted EBITDA loss of $292 million due to increased investments.
- Coupang is making significant investments in its Developing Offerings, particularly in Taiwan, where it is building out its own last-mile logistics and rolling out a 3P marketplace. The company now expects full-year Developing Offerings adjusted EBITDA losses to be around the higher end of the $900-$950 million range.
- The company continues to invest in automation technologies across its logistics and fulfillment network and is building its own internal AI computing infrastructure to improve operations and drive efficiencies.
Nov 4, 2025, 10:30 PM
Coupang Announces Third Quarter 2025 Results
CPNG
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Coupang announced strong financial results for Q3 2025, with net revenues reaching $9.3 billion, an 18% increase year-over-year, and gross profit growing 20% to $2.7 billion.
- Operating income rose to $162 million, an increase of $53 million over last year, and diluted EPS was $0.05, up $0.01 year-over-year.
- The company demonstrated robust cash generation, reporting $2.4 billion in operating cash flow and $1.3 billion in free cash flow for the trailing twelve months.
- Product Commerce Active Customers grew 10% year-over-year to 24.7 million, and Coupang repurchased 2.8 million shares for $81 million during the quarter.
Nov 4, 2025, 9:08 PM
Coupang Announces Third Quarter 2025 Results
CPNG
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Coupang reported net revenues of $9.3 billion for Q3 2025, an 18% increase year-over-year, with gross profit growing 20% to $2.7 billion.
- Operating income for the quarter reached $162 million, an increase of $53 million over the prior year, and net income was $95 million.
- For the trailing twelve months, the company generated $2.4 billion in operating cash flow and $1.3 billion in free cash flow.
- The Product Commerce segment achieved net revenues of $8.0 billion, up 16% year-over-year, and active customers grew 10% to 24.7 million.
- During the quarter, Coupang repurchased 2.8 million shares of Class A common stock for an aggregate amount of $81 million.
Nov 4, 2025, 9:05 PM
Coupang, Inc. Announces Executive Role Change
CPNG
Management Change
- Hanseung Kang will transition to a new role effective June 1, 2025, and will no longer serve as an executive officer at Coupang, Inc.
- The 8‑K filing, issued on May 30, 2025, confirms the departure and appointment details, reflecting an important management change.
May 30, 2025, 12:00 AM
Coupang Inc Reports Q1 2025 Results
CPNG
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Consolidated revenue grew 11% YoY (21% on a constant currency basis) with improved margins, including a gross profit margin of 29.3% and enhanced Product Commerce performance.
- Profitability metrics showed operating income of $154M, net income of $107M, and an adjusted EBITDA margin of 4.8%, complemented by a new $1B share buyback program.
- Strategic investments in technology, logistics, and FLC expansion are driving growth in both the Korean and Taiwanese markets while underpinning long-term shareholder value.
May 6, 2025, 9:31 PM
Coupang Initiates Strategic Reorganization Transaction
CPNG
M&A
- Coupang announced on April 7, 2025 that it entered into a Master Transaction Agreement to complete a reorganization transaction, indirectly acquiring Greenoaks’ equity interest in Surpique LP.
- The transaction was valued at an aggregate purchase price of $140,096,101, including a $14,096,101 cash payment and the issuance of 5,465,099 shares of Class A Common Stock at a volume weighted average price over the 30-day period ending April 4, 2025.
- The shares issued in this deal are unregistered under the Securities Act, and Greenoaks maintains a strategic role with direct ties to the company through board representation.
Apr 8, 2025, 12:00 AM
Quarterly earnings call transcripts for Coupang.
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