Overview
- Revenue rose 20% year over year to $9.3 billion, with operating income at $162 million and net income at $95 million, marking a third straight profitable quarter.
- Active customers grew 10% to 24.7 million, and revenue per active customer increased 7% to $323, reflecting deeper engagement in Korea.
- Product commerce generated $8 billion in net revenue and $705 million in adjusted EBITDA with an 8.8% margin, more than 200 basis points higher than a year earlier.
- Developing offerings delivered $1.3 billion in revenue, up 31%, while the segment’s adjusted EBITDA loss widened to $292 million as the company scaled Taiwan, Farfetch, Coupang Eats and Coupang Play.
- Executives highlighted Taiwan adoption now mirroring Korea, with continued investment in last‑mile logistics, Rocket Growth and network automation, and the CFO reiterated expectations for annual consolidated margin expansion despite quarterly variability.