secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001834584-24-000068
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coupang Q2 2024 revenue $7.3B (+25% YoY); net loss $77M on Farfetch drag and KFTC fine
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000068/0001834584-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458424000068/cpng-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001834584-24-000068

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