Coupang Q3 Revenue Soars 27% to $7.9B, Farfetch Nears Break-Even.

SEATTLE, WA - Coupang Inc (CPNG.N) reported third-quarter revenue rose 27% to $7.9 billion, driven by strong customer growth and expanded offerings.

Net income attributable to shareholders fell to $70 million from $91 million a year earlier, primarily impacted by operating losses at newly acquired Farfetch.

Excluding Farfetch, net income attributable to Coupang stockholders was $108 million for the quarter.

The company's gross profit jumped 45% to $2.3 billion, and its gross profit margin expanded 350 basis points to 28.8%.

Product Commerce segment, which accounts for most of revenue, grew 16% to $6.9 billion, with active customers rising 11% to 22.5 million.

Developing Offerings segment, including Farfetch, Coupang Eats, Play, and Fintech services, saw revenue surge 347% to $975 million.

Operating cash flow for the trailing twelve months fell to $1.8 billion from $2.6 billion, primarily due to non-recurring working capital benefits in the prior period.

"This quarter, we continued the strong momentum we've seen throughout this year, delivering robust growth in revenues and margins," said CFO Gaurav Anand.

Newer offerings like Fulfillment and Logistics by Coupang (FLC) and R.Lux, a luxury offering, showed strong potential for growth through Rocket Delivery's expansion.

The company achieved near-break-even profitability in Farfetch earlier than planned.