Ferrari yesterday announced its Q3 financial results. The company reported revenue of 1.64 billion euros ($1.72 billion), a 6.5% YoY increase. Adjusted EBITDA reached 638 million euros ($668 million), a 7.1% rise compared to the same period last year. Ferrari delivered a total of 3,383 vehicles in Q3, a 2.2% decline compared to the previous year. The quarterly shipment volume reflects a strategic geographic distribution. In this quarter, the EMEA region saw an increase of 28 units, the Americas region decreased by 26 units, while mainland China, Hong Kong, and Taiwan saw a drop of 114 units. Other regions in Asia Pacific increased by 36 units. Ferrari’s Q3 earnings and revenue both fell short of analyst expectations, causing the stock price to drop by 2.9% after the earnings report was released.