Coupang, Inc. (CPNG) Q4 2025 Earnings Call

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WEBVTT 00:00:01.921 -- 00:00:05.667 Hello, everyone. My name is Krista, and I will be your conference operator today. 00:00:05.667 -- 00:00:11.014 At this time, I would like to welcome everyone to the Coupang 2025 Fourth Quarter Earnings 00:00:11.014 -- 00:00:15.762 Conference Call. All lines have been placed on mute to prevent any background noise. 00:00:15.762 -- 00:00:19.788 After the speaker's remarks, there will be a question and answer session. 00:00:19.788 -- 00:00:23.533 If you would like to ask a question during this time, simply press star, followed by 00:00:23.533 -- 00:00:27.599 the number five on your telephone keypad. If you would like to withdraw your question, 00:00:27.599 -- 00:00:30.355 press star and the number five once again. 00:00:30.355 -- 00:00:34.801 Now I'd like to turn the call over to Mike Parker, Vice President of Investor Relations. 00:00:34.801 -- 00:00:37.542 You may begin your conference. 00:00:38.846 -- 00:00:44.013 Thanks, Operator. Welcome, everyone, to Coupang's fourth quarter 2025 earnings conference 00:00:44.013 -- 00:00:49.741 call. I'm pleased to be joined in the call today by our founder and CEO, Bom Kim, 00:00:49.741 -- 00:00:54.948 our CFO, Gaurav Anand, and HL Rogers, our General Counsel and Chief 00:00:54.948 -- 00:01:00.022 Administrative Officer and the interim CEO of our Korean subsidiary. 00:01:00.022 -- 00:01:04.114 The following discussion, including responses to your questions, reflects management's 00:01:04.114 -- 00:01:09.511 views as of today's date only. We do not undertake any obligation to update or revise 00:01:09.511 -- 00:01:13.083 this information, except as required by law. 00:01:13.083 -- 00:01:17.270 Certain statements made on today's call may include forward-looking statements. 00:01:17.270 -- 00:01:2...