Coupang reported strong Q2 2024 results with net revenues reaching $7.3 billion, up 25% YoY (30% FX-neutral). Gross profit rose 41% to $2.1 billion with margin expanding 310 bps to 29.3%. Product Commerce segment showed robust performance with net revenues of $6.4 billion and adjusted EBITDA of $530 million, up $122 million YoY.The company's core metrics demonstrated healthy growth with Product Commerce Active Customers increasing 12% YoY to 21.7 million. However, net loss was $105 million, primarily due to Farfetch operating losses and a $121 million KFTC administrative fine. Excluding these items, net income would have been approximately $124 million.Operating cash flow for the trailing twelve months remained strong at $2.2 billion, while free cash flow increased by $420 million YoY to $1.5 billion. The Developing Offerings segment, including Farfetch, saw significant growth with revenues of $892 million, though it recorded an adjusted EBITDA loss of $200 million.

Coupang reported strong Q2 2024 results with net revenues reaching $7.3 billion, up 25% YoY (30% FX-neutral). Gross profit rose 41% to $2.1 billion with margin expanding 310 bps to 29.3%. Product Commerce segment showed robust performance with net revenues of $6.4 billion and adjusted EBITDA of $530 million, up $122 million YoY.The company's core metrics demonstrated healthy growth with Product Commerce Active Customers increasing 12% YoY to 21.7 million. However, net loss was $105 million, primarily due to Farfetch operating losses and a $121 million KFTC administrative fine. Excluding these items, net income would have been approximately $124 million.Operating cash flow for the trailing twelve months remained strong at $2.2 billion, while free cash flow increased by $420 million YoY to $1.5 billion. The Developing Offerings segment, including Farfetch, saw significant growth with revenues of $892 million, though it recorded an adjusted EBITDA loss of $200 million.