8-K
filed February 28, 2023, 6:59 PM ET
ticker CPNG
CIK 0001834584
earnings
confidence high
sentiment positive
materiality 0.85
Coupang Q4 net income $102M (record profit); revenue $5.3B (+21% FX-neutral); raises long-term EBITDA guidance to 10%+
Coupang, Inc.
2022-FY EPS reported
-$0.05
revenue$20,582,615,000
- Q4 net income $102M vs loss $405M YoY; adjusted EBITDA $211M (4.0% margin) vs loss $285M.
- Total net revenues $5.3B, up 5% reported / 21% FX-neutral; full-year revenue $20.6B (+26% FX-neutral).
- Product Commerce segment adjusted EBITDA margin hit record 5.1% in Q4; full-year margin 3.0% (+500 bps).
- WOW paid members 11M at year-end, up >20% YoY; free cash flow TTM improved to $(246)M from $(1.1B).
- CFO updated long-term adjusted EBITDA guidance to 10% or higher; expects margin expansion in 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Coupang, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $5.3 billion, net income $102 million. Guidance raised.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $5.3 billion
- Net income
- $102 million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
Coupang Announces Results for Fourth Quarter 2022 Total net revenues of $5.3 billion, up 21% year over year on an FX-neutral basis Net income of $102 million, representing record profit Adjusted EBITDA of $211 million and a margin of 4.0%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Coupang, Inc. reported the year ended December 31, 2022 results: revenue $20.6 billion, net income $92 million. Guidance raised.
- Period
- the year ended December 31, 2022
- Revenue
- $20.6 billion
- Net income
- $92 million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
FY2022 Key Financial and Operational Highlights • Total net revenues was $20.6 billion, increasing 12% YoY on a reported basis, or 26% YoY on an FX-neutral basis. • Total gross profit improved 60% YoY to $4.7 billion, with gross profit margin of 22.9%, an expansion of over 680 bps YoY. • Net loss was $92 million, an improvement of $1.5 billion over 2021.
View on SEC.gov
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