Ferrari reported a 5% rise in Q3 earnings, surpassing analyst forecasts with EBITDA reaching 670 million euros ($781 million). Pricier models like the SF90 XX and 12Cilindri families offset U.S. import tariff headwinds. Despite shipments growing just 0.5%, average selling price rose 5.1%. CEO Benedetto Vigna attributed this pricing power to creating “richer and more innovative products.” The positive results spurred a 3.1% rebound in Milan-listed shares. Ferrari confirmed its full-year 2025 adjusted EBITDA target of at least 2.72 billion euros ($3.17 billion).