Coupang Q1 net revenues $5.8B (+20% FX-neutral); net income $91M, positive free cash flow $451M TTM

Coupang, Inc.

2023-Q1 EPS reported $0.05 revenue$5,800,530,000

Net revenues $5.8B, up 13% reported / 20% FX-neutral YoY; net income $91M vs -$209M prior year.
Record gross profit $1.4B, margin 24.5% (improved >400 bps YoY). Adjusted EBITDA $241M (margin 4.2%).
Positive free cash flow $451M for trailing twelve months; operating cash flow $1.1B TTM.
Active customers 19M+, up 5% YoY and QoQ. Developing Offerings segment EBITDA -$47M (improved $46M YoY).
CEO cites opportunity in offline retail; Rocket Growth units sold up ~90% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Coupang, Inc. reported the first quarter ended March 31, 2023 results: revenue $5.8 billion, net income $91 million.

Period: the first quarter ended March 31, 2023
Revenue: $5.8 billion
Net income: $91 million
Result: reported results

Exact text from the filing

Act, except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Coupang Announces Results for First Quarter 2023 Net Revenues of $5.8 billion, up 20% YoY on an FX-neutral basis Record Gross Profit of $1.4 billion, up 36% YoY Net Income of $91 million, an increase of $300 million YoY Positive Free Cash Flow of $451

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Coupang, Inc. filing history →

Source: SEC EDGAR

accession 0001834584-23-000039

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