Coupang Q4 revenue $8.0B (+21% YoY); adjusted EBITDA $421M; net income $156M down on prior-year tax benefit

Coupang, Inc.

2024-FY EPS reported $0.08 revenue$30,268,000,000

Q4 net revenue $8.0B, up 21% reported and 28% FX-neutral; ex-Farfetch growth 14% reported.
Gross profit $2.5B (+48% YoY); margin 31.3% (+570bps); ex-Farfetch & insurance gain $2.2B (+29%).
Net income attributable to Coupang stockholders $156M down from $1,032M due to $895M tax benefit in Q4 2023.
Adjusted EBITDA $421M (5.3% margin, +80bps YoY); Product Commerce segment EBITDA $539M (7.8% margin).
Full-year 2024: revenue $30.3B (+24%), adj EBITDA $1.4B (4.5% margin), free cash flow $1.0B.

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