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Sep 30, 2022
Coupang Q3 2022 Earnings Report
Coupang achieved record net profit and improved gross profit margin.
Key Takeaways
Coupang reported total net revenues of $5.1 billion, up 27% year over year on an FX-neutral basis. The company achieved a record net income of $91 million and an adjusted EBITDA of $195 million, representing 3.8% of total net revenue.
Total net revenues reached $5.1 billion, a 10% increase year-over-year, or 27% on an FX-neutral basis.
Gross profit totaled $1.2 billion, up 64% year-over-year, with a gross profit margin of 24.2%, an improvement of nearly 800 bps year-over-year.
The company achieved record net income of $91 million.
Product Commerce net revenues were $4.9 billion, up 10% year-over-year, or 28% on an FX-neutral basis.
Revenue by Segment
Forward Guidance
No forward guidance provided in the release.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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