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the X.X% EBITDA adjusted for at $XXX quarter adjusted million was Our EBITDA margin.
in the positive QX, year-over-year. Our cumulative consolidated million achieved And $XXX million is adjusted improving we million. year-to-date income $XXX business, of EBITDA net positive $XX for
year-over-year. retail in strong at Product the uncertain the the First pace Korean around a Commerce, environment remained grew while on of X% macro QX world,
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commerce support our customer rate the even quarter That at annual current the cohorts for merchants, merchants entitlement and fast environment. revenues. the medium are XXXX. Product compound mature. merchants in a aggregate customer our and seen well of to less succeed on know The for to of of become still in growth of any even consumers and category, customers spend $XXX Over Coupang market customers year-over-year active us to have momentum all much spend growth suppliers We source the that significant active categories, retail grew Those economic $X.X faster was oldest our one enterprises, the billion QX We generated that don't than our spend improvement. to with the exceed be consolidated of across a business. continues SMEs our believe in growth for multiples profitability of row even overall in projected number Our a can in total the million positions than XX% small less third most our SMEs. growth in Commerce market. marked X% strong by or we
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past logistics. billions market. the the X Over last from in network the fulfillment have invested and dollars years, to built a fulfillment we build largest of we integrated infrastructure inception, mile that Today,
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fulfill will and for prices also our make customers. will lower and scale for we Our us help automation, robotics. machine even easier increasing even workers including This potential, will learning our to in to invest but continue work
on FLC. ecosystem and party of better enabled FLC of convenience and will In provides This and savings them selection of help share the access and service by traditionally to alike. and wider we rocket with tens selection customers. technology to of excited includes offline of expand efficiency Coupang hundreds dollars addition and billions end-to-end gain for that and turn, to both to and prices, them by small and merchants logistics returns. generated rocket continue stores. thousands or new capture the infrastructure fulfillment our this of help operations. customers help enterprises investment from We're excluded low selection integrated businesses and both capture That growth been of of to will the benefits thousands to of third-party by Rocket first and the that delivery customers experience with the access speed, have shelves benefits even in our even will In build small growth they'll richer medium an
on constant Finally, on by developing let revenues our currency a increase basis, driven year-over-year me touch offerings Eats XX% offering. where
markets. that recently, Play, few improvements economics in the in profit our quarters our focus foundation improvement FinTech reflected our in restress Coupang the for last new and nearly of these and by believe TAM in we're customer coupon million International. Eats new customers we the We're initial has We're to creating they been profitable seeing potential the early stages also sectors As in expand innovations the and a offerings, the in of very have but over $XX and dramatic excited extend the year-over-year. in on to gross engagement efforts
keeping We that rigorously, our operating discipline capital opportunities maximize and our more allocating will and in investments, small starting flows. with cash continue to testing long-term invest with tenants, with
seen in developing many you've investments in product and the Overall, execution offerings. focused our teams of years. with we'll investment As commerce, results over QX, our significant long-term oriented be despite our execution of and and environment, the disciplined reflects the fruits of challenging the
in the to excited be we the persistent we're also we strong trends that vigilant the continue the about remain short-term environment, business. macro in underlying While by seeing pressures
in to I'll Gaurav Now, the more detail. to financials turn over the call review
