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Mar 31, 2023
Coupang Q1 2023 Earnings Report
Coupang's Q1 2023 financial results were announced, demonstrating YoY revenue growth and positive free cash flow.
Key Takeaways
Coupang reported a 13% YoY increase in net revenues to $5.8 billion and achieved a positive free cash flow of $451 million for the trailing twelve months. Net income reached $91 million, a $300 million improvement YoY, and gross profit increased by 36% to $1.4 billion.
Net revenues increased by 13% YoY to $5.8 billion, or 20% on an FX-neutral basis.
Gross profit grew by 36% YoY to $1.4 billion, with a gross profit margin improvement of over 400 bps.
Net income improved by $300 million YoY, reaching $91 million.
Positive free cash flow of $451 million was achieved for the trailing twelve months.
Revenue by Segment
Forward Guidance
Coupang is focused on transforming customer lives by offering vast selection, low prices, and exceptional service, as well as expanding membership benefits to make WOW the best deal on the planet.
Positive Outlook
- Expand selection on Rocket dramatically for customers
- Rolling out new Coupang Eats benefits to all WOW members
- Generating more savings for customers
- Making WOW even harder to resist
- Sustained focus on operational excellence
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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