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Jun 30, 2022
Coupang Q2 2022 Earnings Report
Achieved record gross profit and positive adjusted EBITDA.
Key Takeaways
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.
Coupang
Coupang
Forward Guidance
We now expect to achieve positive total company adjusted EBITDA for FY 2022.