Coupang(US:CPNG)2025-11-04 22:30Overall Financial Performance - Total net revenues increased by 18% year-over-year to $93 billion in Q3 2025[11], or 20% on an FX-neutral basis[10] - Total net revenues for the trailing twelve months (TTM) increased by 17% year-over-year to $337 billion in Q3 2025[15], or 22% on an FX-neutral basis[14] - Gross profit increased by 20% year-over-year to $27 billion in Q3 2025[18], or 22% on an FX-neutral basis[17], with gross profit margin (GPM) up by 51 bps year-over-year[17] - Net income attributable to Coupang stockholders increased by $25 million year-over-year to $95 million in Q3 2025[21] - Adjusted EBITDA increased by $70 million year-over-year to $413 million in Q3 2025[28], with a margin of 45%, up 10 bps year-over-year[27] - Adjusted EBITDA for the trailing twelve months (TTM) increased by $396 million year-over-year to $16 billion in Q3 2025[32], with a margin of 49%, up 56 bps year-over-year[31] - Operating cash flow (TTM) increased by $549 million year-over-year to $24 billion in Q3 2025[36] - Free cash flow (TTM) increased by $333 million year-over-year to $13 billion in Q3 2025[36] Segment Performance - Product Commerce net revenue increased by 16% year-over-year to $80 billion in Q3 2025[40], or 18% on an FX-neutral basis[39] - Product Commerce net revenue (TTM) increased by 11% year-over-year to $291 billion in Q3 2025[40], or 17% on an FX-neutral basis[39] - Product Commerce Adjusted EBITDA increased by $235 million year-over-year to $705 million in Q3 2025[43], with a margin of 88%, up 201 bps year-over-year[42] - Developing Offerings net revenue increased by 32% year-over-year to $13 billion in Q3 2025[49], or 31% on an FX-neutral basis[48]