Coupang Reports Q3 2026 Results with $10 Billion Revenue Amid Fire-Related Expenses
Coupang (CPNG) reported third-quarter revenues of $10 billion, representing a 7% increase on a reported basis and 11% in constant currency. Growth was driven by the Product Commerce segment, particularly in fresh grocery categories, while Developing Offerings saw significant expansion due to international business acceleration in Taiwan. The results were impacted by $248 million in expenses related to an Incheon fulfillment center fire that occurred in July 2026. This incident contributed to a diluted loss per share of $0.28. Additionally, the company reported negative trailing twelve-month free cash flow of $409 million, down from $1.3 billion in the previous year due to lower profitability and increased capital expenditures. Looking ahead, Coupang provided optimistic guidance for the fourth quarter, projecting constant currency revenue growth of 13% to 14%. Management expects an improvement in Adjusted EBITDA margins driven by reduced marketing spend and continued business progress.
Tickers: $CPNG
Topics: customer acquisition EBITDA gross profit margin operational expenses revenue growth
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