earnings
confidence high
sentiment negative
materiality 0.75
Coupang Q2 2024 revenue $7.3B (+25% YoY); net loss $77M on Farfetch drag and KFTC fine
Coupang, Inc.
2024-Q2 EPS reported
-$0.04
revenue$14,437,000,000
- Net revenues $7.3B (+25% YoY, +30% FX-neutral); gross profit $2.1B (+41% YoY) with margin 29.3% (up 310 bps).
- Net loss attributable to stockholders $77M vs $145M income year ago; excluding Farfetch loss and $121M KFTC fine, net income ~$124M.
- Product Commerce active customers 21.7M (+12% YoY); segment adjusted EBITDA $530M (8.2% margin, up 110 bps YoY).
- Developing Offerings segment revenue $892M (+472% YoY) driven by Farfetch; segment adjusted EBITDA -$200M including -$31M Farfetch impact.
- Diluted EPS -$0.04 (excluding Farfetch and fine would be $0.07); adjusted EBITDA $330M (4.5% margin).