Coupang reported third quarter 2026 revenue of $10.0 billion, exceeding analyst expectations and growing 7% year-over-year. However, the company posted a wider-than-anticipated GAAP net loss of $501 million, or $(0.28) per diluted share, primarily due to significant one-time costs related to a fulfillment center fire.
Key Highlights
- Total net revenues reached $10.0 billion, up 11% on a constant currency basis, driven by growth across both core commerce and expansion segments.
- Active customers grew to 25.2 million, a 2% year-over-year increase that significantly outperformed the projected 23.1 million.
- Developing Offerings revenue surged 23% to $1.6 billion, while the segment's adjusted EBITDA loss improved by $23 million year-over-year to $269 million.
- Profitability was heavily impacted by $248 million in pre-tax losses from the Incheon fulfillment center fire; excluding these costs, adjusted diluted EPS was $(0.18).