earnings
confidence high
sentiment negative
materiality 0.85
Coupang Q2 net loss $570M on $8.9B revenue; operating loss $556M including $410M Korea fines
Coupang, Inc.
- Net revenues $8.9B, up 4% YoY (10% constant currency); gross margin 28.2%, down 188 bps.
- Operating loss $(556)M vs income $149M YoY; includes ~$410M administrative fines in Korea.
- Diluted EPS $(0.32) vs $0.02 YoY; adjusted diluted EPS $(0.09) vs $0.02.
- Product Commerce rev $7.4B (+1% reported, +8% CC); segment EBITDA $382M, down 42% YoY.
- Repurchased 23.2M shares for $459M in Q2; free cash flow TTM $105M, down 87% YoY.