Taiwan’s momo.com posted NT$24.56 billion ($793 million) in third-quarter consolidated revenue, down 3.9% from the prior year, as the e-commerce operator struggles to maintain growth while facing aggressive expansion from South Korean rival Coupang. The company reported earnings per share of NT$2.11 ($0.07) for the period.
Revenue for the first nine months totaled NT$77 billion ($2.48 billion), declining 2.6% year-over-year despite what the company characterized as positive gross merchandise volume growth. The results mark continued pressure on Taiwan’s largest domestic e-commerce platform, which achieved record full-year revenue of NT$112.56 billion in 2024 but has since reported monthly declines throughout 2025.
General Manager Ku Yuan-hung emphasized stability over speed in remarks accompanying the results, signaling a defensive posture as foreign competitors deploy substantial capital in Taiwan’s market. The company plans to expand its mo店+ marketplace, which currently lists 3 million products from 8,000 merchants, and introduce a lower-tier moPlus subscription service during the fourth quarter.
momo.com also deployed AI-powered customer service with emotion recognition capabilities during the third quarter and announced plans to pursue cross-border commerce. Whether these initiatives can offset intensifying price competition from Coupang, which has invested NT$8.53 billion ($275 million) in Taiwan logistics infrastructure, remains uncertain. The company faces its critical holiday quarter with momentum working against it.
