On August 6, 2024, Coupang, Inc., a Fortune 200 technology company listed on the NYSE, reported its financial results for the second quarter of 2024. The company announced a net revenue of $7.3 billion, marking a 25% increase year-over-year (YoY) and a 30% increase on a foreign exchange-neutral basis. Gross profit rose by 41% YoY to $2.1 billion, with the Product Commerce segment's adjusted EBITDA reaching $530 million, a $122 million increase from the previous year. However, the company also reported a net loss of $105 million, attributed to operating losses at Farfetch and an estimated KFTC administrative fine. Excluding these factors, net income attributable to Coupang stockholders was approximately $124 million. The Product Commerce segment saw a 13% YoY increase in net revenues, while the Developing Offerings segment, which includes Coupang Eats and Fintech, reported a 472% YoY increase. The company's operating cash flow for the trailing twelve months was $2.2 billion, with free cash flow of $1.5 billion. Coupang's CFO, Gaurav Anand, emphasized the company's focus on customer engagement and operational improvements.

On August 6, 2024, Coupang, Inc., a Fortune 200 technology company listed on the NYSE, reported its financial results for the second quarter of 2024. The company announced a net revenue of $7.3 billion, marking a 25% increase year-over-year (YoY) and a 30% increase on a foreign exchange-neutral basis. Gross profit rose by 41% YoY to $2.1 billion, with the Product Commerce segment's adjusted EBITDA reaching $530 million, a $122 million increase from the previous year. However, the company also reported a net loss of $105 million, attributed to operating losses at Farfetch and an estimated KFTC administrative fine. Excluding these factors, net income attributable to Coupang stockholders was approximately $124 million. The Product Commerce segment saw a 13% YoY increase in net revenues, while the Developing Offerings segment, which includes Coupang Eats and Fintech, reported a 472% YoY increase. The company's operating cash flow for the trailing twelve months was $2.2 billion, with free cash flow of $1.5 billion. Coupang's CFO, Gaurav Anand, emphasized the company's focus on customer engagement and operational improvements.