earnings
confidence high
sentiment positive
materiality 0.75
Coupang Q1 2022 revenue $5.1B (+22% YoY), gross profit up 42% to $1.04B, Product Commerce turns profitable
Coupang, Inc.
2022-Q1 EPS reported
-$0.12
revenue$5,116,686,000
- Total net revenues $5.1B, up 22% YoY (32% constant currency); record quarterly revenue.
- Gross profit $1.04B (+42% YoY); gross margin 20.4%, both all-time highs.
- Net loss improved to $209M (from $295M YoY); adjusted EBITDA loss narrowed to $91M.
- Product Commerce segment achieved positive adjusted EBITDA of $2.9M, a first.
- Active customers 18.1M (+13% YoY); Developing Offerings revenue $180.6M (+65% YoY).