Coupang logs third straight loss in Q3 despite record paid membership

What happened: Coupang posted its third consecutive quarterly operating loss, citing a warehouse fire and fallout from its data breach, despite double-digit revenue growth and record paid membership. Key numbers: Revenue rose 11 percent on-year in constant currency to Why it matters: CEO Bom Kim said WOW membership in Korea is at its highest level ever and expects margin strain to fade, with product commerce margins seen returning to near pre-breach levels next year. The company widened its full-year loss forecast for developing offerings by up to $100 million on faster Taiwan investment.

Coupang posted its third consecutive quarterly operating loss, citing a warehouse fire and fallout from its data breach, despite double-digit revenue growth and record paid membership.

CEO Bom Kim said WOW membership in Korea is at its highest level ever and expects margin strain to fade, with product commerce margins seen returning to near pre-breach levels next year. The company widened its full-year loss forecast for developing offerings by up to $100 million on faster Taiwan investment.