earnings
confidence high
sentiment neutral
materiality 0.75
Coupang Q4 revenue $5.1B (+34% YoY, constant currency +39%); net loss $405M
Coupang, Inc.
- Total net revenues $5.1B (+34% YoY); constant currency growth 39%.
- Net loss $405M vs $83M in Q4'20; adjusted EBITDA loss $285M vs $82M.
- Active customers 17.9M (+21% YoY); paid WOW members ~9M at year-end.
- Q4 included ~$130M incremental costs from heightened COVID-19 conditions in Korea.
- Q1 2022: gross margin expected to improve by over 250 bps; constant-currency revenue growth low-30%.