earnings
confidence high
sentiment positive
materiality 0.85
Coupang Q2: record gross profit $1.2B, positive adj. EBITDA $66M, FY22 guidance raised to positive
Coupang, Inc.
2022-Q2 EPS reported
-$0.16
revenue$10,154,507,000
- Total net revenues $5.0B (+12% YoY, +27% on constant-currency basis); Active Customers 17.9M (+5%).
- Gross profit $1.2B (+75% YoY); gross margin improved 250 bps QoQ to record level.
- Net loss improved $134M QoQ to $75M; achieved positive consolidated adjusted EBITDA of $66M.
- Product Commerce segment adj. EBITDA margin 2% (record); Developing Offerings loss narrowed $128M over two quarters.
- FY2022 guidance raised: from adj. EBITDA loss <$400M to now expecting positive adj. EBITDA for full year.