Coupang Q4 2024 Earnings Report

Coupang reported strong revenue growth for Q4 2024, driven by growth in Product Commerce and Developing Offerings segments.

Key Takeaways

Coupang achieved $8.0 billion in net revenues for Q4 2024, a 21% increase year-over-year. Net income was $131 million, but net income attributable to stockholders dropped due to a non-cash tax benefit in Q4 2023. Gross profit increased significantly, with a strong performance in Product Commerce.

Net revenues increased 21% YoY to $8.0 billion.

Product Commerce gross profit rose 31% to $2.3 billion.

Developing Offerings revenue grew 296% to $1.1 billion.

Net income for the quarter was $131 million.

Total Revenue

$8B

Previous year: $6.56B

+21.9%

EPS

$0.04

Previous year: $0.08

-50.0%

Product Commerce Active Customers

22.8M

Net Revenue Per Active Customer

$302

Gross Profit

$2.49B

Previous year: $1.68B

+48.3%

Free Cash Flow

$463M

Previous year: $369M

+25.6%

Coupang Revenue

Coupang EPS

Coupang Revenue by Segment

Forward Guidance

Coupang expects continued revenue growth and market expansion, with a focus on profitability in 2025.

Positive Outlook

Focus on expanding offerings across Korea and Taiwan.
Continued momentum in developing new services.
Increased efficiency through operational improvements.
Focus on driving higher customer engagement.
Continued investment in logistics infrastructure.

Challenges Ahead

Potential macroeconomic risks impacting revenue growth.
Possible fluctuations in foreign exchange rates.
Challenges from high operational costs.
Increased competition in core markets.
Dependence on growth in emerging business lines.

Revenue & Expenses

Visualization of income flow from segment revenue to net income