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5d ago

Coupang Swings to Profit as Q2 Revenue Tops $8.5 Billion

Robust core commerce growth coupled with surging Taiwan and luxury ventures elevated margins despite widened losses in developing offerings

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Overview

  • Coupang reported a net profit of 43.5 billion won in Q2, reversing a 143.8 billion won loss from a year earlier, and posted an operating profit of 209.3 billion won.
  • The company posted record quarterly sales of $8.52 billion, up 19% year-on-year and marking its first quarter above the $8 billion threshold.
  • Revenue from developing ventures—including Taiwan delivery services, Farfetch luxury fashion and Coupang Eats—jumped 33% year-on-year to 1.67 trillion won, with Taiwan business revenue up 54% quarter-over-quarter.
  • Product Commerce revenue grew 17% to $7.33 billion, and the number of active customers climbed 10% to 23.9 million.
  • Adjusted EBITDA losses in the Developing Offerings segment widened by $35 million to $235 million as Coupang accelerated investments in Taiwan logistics and services.