(2nd LD) Coupang swings to Q3 loss on warehouse fire-related costs

SEOUL, Nov. 4 (Yonhap) -- E-commerce giant Coupang, Inc. said Wednesday it swung...

Yonhap NewsChoi Kyong-ae2026-11-04 09:57查看原文 ↗

This composite image shows Coupang's headquarters and company founder and Chief Exceutive Officer Kim Bom-suk. (Yonhap)

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(ATTN: UPDATES with CEO's comments in 9-12; CHANGES 1st photo) By Choi Kyong-ae

SEOUL, Nov. 4 (Yonhap) -- E-commerce giant Coupang, Inc. said Wednesday it swung to a net loss in the third quarter from a year earlier, largely due to costs caused by a warehouse fire.

In the three months that ended in September, the U.S.-listed company posted a net loss of 715.1 billion won (US$501 million) from a net profit of 131.6 billion won in the same period last year, it said in a press release.

The fire at a Coupang Fulfillment Center (FC) in Incheon, about 30 kilometers west of Seoul, in July weighed on the company's quarterly earnings, it said.

The blaze was the second-longest-lasting warehouse fire in South Korea, following a 2021 fire at a Coupang distribution center in Icheon, some 50 km southeast of Seoul, which burned for about 130 hours.

Excluding FC fire-related costs, Coupang's net loss was 458.2 billion won, the company said.

This composite image shows Coupang's headquarters and company founder and Chief Exceutive Officer Kim Bom-suk. (Yonhap)

Coupang has now reported net losses for three consecutive quarters this year, with the lingering fallout from a data breach also weighing on its earnings.

The U.S.-listed company, which generates most of its revenue in South Korea, has faced strong public backlash since disclosing in November 2025 a data breach that affected more than 37 million customers.

Sales in the Product Commerce segment, which represents its core online shopping business, rose 8 percent from a year earlier to 11.95 trillion won in the September quarter.

"Product Commerce is tracking toward the mid-next year recovery we laid out last quarter. We expect the reported growth and margins to approximate historical levels as we lap the affected periods (driven by the data incident) next year," Coupang founder and Chief Executive Kim Bom-suk said in a earnings conference call.

He said, however, that a small group of members who left the platform following the data incident had yet to return, continuing to weigh on the business, although new members had helped make up for the decline in membership.

Kim cited three temporary factors weighing on margins in the Product Commerce segment: supply chain headwinds, fixed-cost deleverage relative to pre-incident demand levels, and increased marketing investment to accelerate the return of customers who left following the data incident.

He said these factors were not structural and that Product Commerce margins were expected to return to pre-incident levels.

Revenue from the Developing Offerings segment, which includes its Taiwan operations and food delivery service Coupang Eats, increased 27 percent to 2.27 trillion won over the same period.

The number of active customers in the Product Commerce segment rose 2 percent from a year earlier to 25.2 million.

Coupang said it repurchased $210 million worth of its shares in the third quarter, following board approval of a $1 billion share buyback program earlier this year.

The company also swung to an operating loss of 642.3 billion won in the third quarter from an operating profit of 224.5 billion won in the same three months of 2025.

Sales, on the other hand, rose 11 percent to 14.22 trillion won from 12.85 trillion won a year earlier.

Firefighters battle a blaze at a warehouse operated by the U.S.-listed retail giant Coupang, Inc. in Incheon, west of Seoul, in this file photo from July 21, 2026. (Yonhap)

kyongae.choi@yna.co.kr (END)

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（注意：9月12日更新CEO评论；更换第一张照片）崔京爱

首尔，11月4日（韩联社）——电子商务巨头Coupang公司周三表示，由于仓库火灾造成的损失，该公司第三季度由上年同期转为净亏损。

该公司在一份新闻稿中表示，截至9月份的三个月内，这家在美国上市的公司净亏损7151亿韩元（5.01亿美元），而去年同期净利润为1316亿韩元。

该公司表示，7 月份发生在首尔以西约 30 公里仁川的 Coupang 物流中心 (FC) 的火灾对公司季度收益造成了影响。