---
schema_version: "secwatch.filing_event.v1"
accession: "0001834584-24-000040"
form_type: "8-K"
ticker: "CPNG"
cik: "0001834584"
company_name: "Coupang, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:57:40.624006+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Coupang Q1 revenue up 23% to $7.1B; net income falls 95% to $5M on Farfetch losses

## Summary
- Net revenues $7.1B (+23% YoY, +28% FX-neutral); gross profit $1.9B (+36%); net income $5M (-95% YoY) due to Farfetch losses of $93M.
- Excluding Farfetch, net income was $98M; adjusted diluted EPS $0.05 (flat YoY).
- Product Commerce active customers 21.5M (+16%); segment revenue $6.5B (+15% reported); segment adjusted EBITDA $467M (+$179M YoY).
- Developing Offerings revenue $620M (+337%); segment adjusted EBITDA -$186M includes -$31M from Farfetch; CFO sees 2024 segment loss ~$750M.
- Operating cash flow TTM $2.4B (+$1.2B YoY); free cash flow TTM $1.5B (+$1.0B YoY).

## SEC filing metadata
- accession: 0001834584-24-000040
- form_type: 8-K
- ticker: CPNG
- cik: 0001834584
- company_name: Coupang, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834584/000183458424000040/0001834584-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834584/000183458424000040/cpng-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834584-24-000040
- JSON: https://secwatch.observer/filing/0001834584-24-000040.json
- Plain text: https://secwatch.observer/filing/0001834584-24-000040.txt

## Key facts
- Earnings Releases
  Coupang, Inc. reported first quarter ended March 31, 2024 results: revenue $7.1 billion, net income $5 million, EPS $0.00.
  - Period: first quarter ended March 31, 2024
  - Revenue: $7.1 billion
  - Net income: $5 million
  - EPS: $0.00
  - Result: reported results
  source text: 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 2024 Net Revenues of $7.1 billion, up 23% YoY and 28% on an FX-neutral basis Gross Profit of $1.9 billion, up 36% YoY Operating Cash Flow of $2.4 billion and Free Cash Flow of $1.5 billion for the trailing twelve
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834584/000183458424000040/0001834584-24-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.