Coupang, Inc. announced financial results for its second quarter ended June 30, 2022. The company achieved positive adjusted EBITDA on a consolidated basis, generating $66 million. Total net revenues was $5.0 billion, up 12% year over year.
Total net revenues was $5.0 billion, up 12% year over year.
Total gross profit was $1.2 billion, an increase of 75% YoY.
Net loss improved $134 million QoQ to $75 million in Q2.
The Company achieved a major milestone of positive adjusted EBITDA of $66 million in Q2.
We now expect to achieve positive total company adjusted EBITDA for FY 2022.
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