Earnings Releases·Nov 3, 2026, 4:07 PM ET

Coupang — Third Quarter 2026 Earnings Summary

Total net revenues increased 7% YoY to $10.0 billion, driven by a 23% YoY revenue growth in the Developing Offerings segment ($1.6B), while Product Commerce revenue rose 5% YoY to $8.4 billion.
Reported operating loss narrowed to $(450) million from $(1.062) billion in the prior year, with non-GAAP operating loss improving to $(202) million after excluding Incheon fire-related costs.
The company repurchased 12.7 million shares for $201 million during the quarter, while trailing twelve-month free cash flow declined $1.7 billion YoY to $(409) million.
Developing Offerings adjusted EBITDA losses improved by $23 million YoY to $269 million, whereas Product Commerce adjusted EBITDA fell $320 million YoY to $385 million.