Coupang's Q3 2025 results show a solid revenue growth of 18% year-over-year, alongside improved margins, reflecting the company's strong positioning in the Korean market and effective operational strategies.

• Consolidated revenues reached $9.3 billion, up 18% year-over-year, with a 20% increase on a constant currency basis.
• Gross profit margins expanded over 50 basis points to 29.4%, while adjusted EBITDA margins improved by 10 basis points to 4.5%.
• Active customer growth of 10% underpinned strong spending across existing customer cohorts.
• Significant investments in first-party offerings and last-mile logistics in Taiwan are set to enhance future growth.
• Ongoing deployment of automation technologies is expected to drive further efficiency and operating cost reductions.