secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001834584-24-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000040/0001834584-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000040/cpng-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001834584-24-000040

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