secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001834584-23-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458423000039/0001834584-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458423000039/cpng-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001834584-23-000039

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