CPNG

Coupang, Inc.

16.80
USD
1.88%
16.80
USD
1.88%
8.98 30.94
52 weeks
52 weeks

Mkt Cap 26.56B

Shares Out 1.58B

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Coupang GAAP EPS of -$0.04 beats by $0.09, revenue of $5.04B misses by $140M

Product Commerce net revenues was $4.9B, up 13% YoY and 27% on a constant currency basis Total gross profit was $1.2 billion, an increase of 75% YoY or 41% excluding the impact of the FC fire in 2021, and gross profit margin improved over 250 bps QoQ. The company achieved a major milestone of positive adjusted EBITDA of $66 million in Q2, which represents an over $350 million of improvement over the last two quarters. Outlook: "At the beginning of the year, we provided guidance of total company adjusted EBITDA losses below $400 million for 2022. We are now raising that guidance to achieve positive adjusted EBITDA for the full year," the company statement.

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