酷澎Coupang（CPNG）2025财年第四季度及全年业绩报告「NYSE」（英文版）（20页）.pdf

1、 Coupang,Inc.Q4 2025 Earnings Release 1 Coupang Announces Results for Fourth Quarter 2025 Net Revenues of$8.8 billion,up 11%YoY and 14%on a constant currency basis Product Commerce Segment Adjusted EBITDA of$567 million,up$28 million YoY Developing Offerings Segment Net Revenues of$1.4 billion,up 32

2、%YoY and 31%on a constant currency basis SEATTLE-(BUSINESS WIRE)February 26,2026Coupang,Inc.(NYSE:CPNG)today announced financial results for its fourth quarter ended December 31,2025.Q4 2025 Consolidated Highlights:Total net revenues were$8.8 billion,up 11%YoY on a reported basis and 14%YoY on a con

3、stant currency or FX-neutral basis.Gross profit increased 2%YoY and 5%YoY on a constant currency basis to$2.5 billion.Gross profit margin was 28.8%,a decrease of 248 bps YoY.Excluding items not reflective of our ongoing operations last year,which consist of acquisition and restructuring related cost

4、s for Farfetch,the FC fire insurance gain and the KFTC administrative fine,gross profit increased 7%YoY and 10%YoY on a constant currency basis,with gross profit margin decreasing 102 bps compared to the prior year.Operating income was$8 million,a decrease of$304 million over last year or$171 millio

5、n excluding those items not reflective of our ongoing operations last year.Net(loss)income attributable to Coupang stockholders was$(26)million,a decrease of$182 million from the net income last year or$92 million excluding those items not reflective of our ongoing operations last year.Diluted EPS w

6、as$(0.01),down$0.09 YoY,or$0.05 excluding those items not reflective of our ongoing operations last year.Adjusted EBITDA for the quarter was$267 million with a margin of 3.0%,down 226 bps from last year.5.9 million shares of Class A common stock were repurchased during the quarter for an aggregate a