Seoul: South Korean e-commerce giant Coupang, Inc. announced on Wednesday that its third-quarter net profit saw a 27 percent decline from the previous year, attributed to increased facility investments.According to Yonhap News Agency, net profit for the three months ending in September dropped to 86.9 billion won (US$64 million) from 119.6 billion won in the same period last year. Coupang's statement highlighted that investments in logistics infrastructure exceeding 520 billion won had a significant impact on the quarterly results.Despite the decline in net profit, Coupang reported a 29 percent increase in operating profit, reaching 148.1 billion won in the third quarter, up from 114.6 billion won a year ago. The company also experienced a 32 percent rise in sales, totaling 10.69 trillion won compared to 8.1 trillion won during the same period last year, marking their highest quarterly figure to date.The growth in operating profit was supported by new business categories such as Fulfillment and Logisti cs by Coupang (FLC) and R.Lux, a new luxury service offering. The FLC service involves Coupang managing storage, inventories, and deliveries for small partner companies.Coupang's Chief Financial Officer, Gaurav Anand, stated in the announcement that the company achieved a significant milestone in its Developing Offerings segment, reaching near break-even profitability with Farfetch earlier than anticipated. This segment focuses on Coupang's new growth companies.Earlier in January, Coupang acquired British online luxury fashion retailer Farfetch Holdings, securing a leading position in the $400 billion global personal luxury goods market.
- October 12, 2026
