earnings
confidence high
sentiment neutral
materiality 0.75
Coupang Q2 revenue up 71% to $4.48B; adjusted gross profit up 86%; net loss widens to $519M
Coupang, Inc.
2021-Q2 EPS reported
-$0.74
revenue$8,684,974,000
- Total net revenues $4.48B, up 71% reported, 57% constant currency; 15th consecutive quarter of >50% constant-currency growth.
- Active customers 17.0M (+26% YoY); Revenue per active customer $263 (+36% YoY).
- Gross profit $658M (up 50%); excluding $158M FC Fire inventory write-offs, adjusted gross profit $816M (up 86%).
- Net loss $518.6M vs $102.1M loss in prior year; adjusted EBITDA loss $122.1M (loss widened from $57.0M).
- Rocket Fresh revenue >$2B run-rate, grew >100% YoY; Coupang Eats revenue nearly tripled in past two quarters.