secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001834584-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coupang Q4 2023 revenues $6.6B (+23% YoY); net income $1.0B
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- Q4 net revenues $6.6B (+23% YoY); gross profit $1.7B (+32% YoY); net income $1.0B includes $895M tax benefit.
- Adjusted EBITDA $294M (4.5% margin, +50bps YoY); Product Commerce EBITDA $444M (7.1% margin).
- Active customers 21M (+16% YoY); WOW paid members 14M at year-end (+27% YoY).
- Full-year free cash flow $1.8B (vs -$246M in 2022); operating cash flow $2.7B.
- Developing Offerings rev $273M (+105% YoY) but segment EBITDA -$150M (vs -$55M prior year).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000018/0001834584-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000018/cpng-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001834584-24-000018

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