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CPNG Revenue by Segments

Revenue by Segments

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In Q3'25, CPNG's total revenue reached $9.27B USD, with net retail sales contributing the largest share at $7.08B USD, followed by third-party merchant services at $1.89B USD and other revenue at $0.29B USD. This latest data point reflects a robust quarterly performance, driven primarily by the dominant net retail sales segment, which accounts for approximately 76% of the total. From Q4'22 to Q3'25, CPNG's revenue has exhibited strong overall growth, rising from $5.33B USD to $9.27B USD, with net retail sales increasing steadily from $4.76B USD to $7.08B USD and showing particular acceleration in the latter periods (e.g., a 9% quarter-over-quarter jump from Q2'25). Third-party merchant services have seen the most rapid expansion, surging from $0.45B USD to $1.89B USD—a fourfold increase—highlighting its emerging importance in the revenue mix, while other revenue has grown more modestly from $0.11B USD to $0.29B USD with stable, incremental gains. The stacked bar chart underscores net retail sales as the consistent leader across all quarters, though the growing contribution from merchant services indicates diversifying revenue streams amid sustained upward momentum.