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Jun 30, 2024
Coupang Q2 2024 Earnings Report
Coupang's performance surged in Q2 2024, marked by substantial revenue growth and improved profitability.
Key Takeaways
Coupang reported a strong second quarter in 2024, with net revenues increasing by 25% year-over-year to $7.3 billion and gross profit up by 41% to $2.1 billion. Excluding Farfetch, net revenues grew by 18% YoY, and gross profit increased by 27% YoY. The company's Product Commerce segment saw a 13% increase in net revenues and a significant rise in adjusted EBITDA. Net loss was $105 million, which included the operating losses incurred at Farfetch and $121 million relating to the estimated KFTC administrative fine.
Net revenues increased by 25% year-over-year to $7.3 billion.
Gross profit grew by 41% year-over-year to $2.1 billion.
Product Commerce Active Customers reached 21.7 million, a 12% increase year-over-year.
Developing Offerings segment net revenues increased by 472% year-over-year.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
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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