Coupang Q3 2024: Revenue $7.9B (+27% YoY), Net Income $70M, EPS $0.04

Coupang, Inc.

2024-Q3 EPS reported $0.00 revenue$22,303,000,000

Net revenues $7.9B (+27% YoY, +32% FX-neutral); excluding Farfetch, growth 20% reported.
Gross profit $2.3B (+45% YoY), margin 28.8% (up 350 bps); Product Commerce EBITDA $470M, margin 6.8%.
Net income attributable $70M ($0.04 diluted EPS), down from $91M; excluding Farfetch, net income $108M.
Product Commerce Active Customers 22.5M (+11%); Developing Offerings rev $975M (+347%), EBITDA -$127M.
CFO: Farfetch near break-even earlier than planned; trailing FCF $935M (down $920M YoY on working capital).

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