secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001834584-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coupang Q4 net income $102M (record profit); revenue $5.3B (+21% FX-neutral); raises long-term EBITDA guidance to 10%+
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458423000016/0001834584-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458423000016/cpng-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001834584-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer