Coupang (CPNG) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | November 04, 2025, 8:00 PM

For the quarter ended September 2025, Coupang, Inc. (CPNG) reported revenue of $9.27 billion, up 17.8% over the same period last year. EPS came in at $0.05, compared to $0.06 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $9.06 billion, representing a surprise of +2.31%. The company delivered an EPS surprise of +25%, with the consensus EPS estimate being $0.04.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Coupang performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Product Commerce Active Customers: 24.7 million versus 24.25 million estimated by two analysts on average.
  • Net Revenue- Developing Offerings: $1.29 billion versus the two-analyst average estimate of $1.27 billion.
  • Net Revenue- Product Commerce: $7.98 billion compared to the $7.79 billion average estimate based on two analysts.
  • Adjusted EBITDA- Developing Offerings: $-292 million compared to the $-247.1 million average estimate based on two analysts.
  • Adjusted EBITDA- Product Commerce: $705 million compared to the $668.38 million average estimate based on two analysts.

View all Key Company Metrics for Coupang here>>>

Shares of Coupang have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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